Eurozone in Longest Recession Since Existence of Euro

euro

In the Euro region as a whole, economic output fell 0.2% in the first quarter of 2013. In result of this, the Eurozone has found itself in it’s longest recession since the existence of the Euro.

In the first quarter of 2013, Germany’s Gross Domestic Product (GDP) rose 0.1%. In the last quarter of 2012 according to the most recent calculations, Germany’s GDP dropped 0.7%.

The EURUSD did hit new lows today, lows unseen since April. It appeared to bounce of the 1.285 resistance level. We’ll see if it breaks it this week. If it continues south, we could be looking at November lows in the 1.26’s and 1.27’s.

Don’t forget to checkout Nathan’s Technical Analysis video that is released every week day!

For news updates and more fundamental Forex info, follow me on Twitter. Follow the Winner’s Edge account, Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too!

here_for_you_001







Connect_With_Winners_Edge

Get trade set ups everyday!

Also, if you don’t have your own Forex Trading System with a trading plan make sure you read the Forex Trading System article!

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Latest posts by admin (see all)

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news