ECB Draghi: Interest rates have to be low for growth to recover

Speaking in Lisbon.

• Savers will see return to their savings in due time
• Euro area made great progress on convergence.

The EURUSD has dipped back below the 1.1200 level over the last few minutes of trading. The underside of the broken trend line comes in at 1.1178. The 200 hour MA checks in at 1.1172. At the lows today, the pair tested the 200 hour MA and held support.