Forex Zone (Forex Zone)
Czech markets  |  October 26, 2012 09:59:37

"Make whatever it takes" - it almost sounds like a plan


Super Mario (Draghi) with this message and started another about very much. Yes, it is his statement that he would do whatever it takes to save the euro area economy. Market reactions after the first application was strong. Others may rely again on the same effect.

Last person who tried to use her magic, the IMF chief Christine Lagarde, During a speech in Toronto. Urged world leaders to "do whatever it takes" to recast the global financial system, which is still recovering from the crisis 2007-2009 and is further weakened by the debt crisis in the eurozone.

And while (smart?) Weighing leading politicians and financiers of the world looking for complicated solutions and trying to deceive (and pluck) masses, so a 12 year old girl from Canada has a preview with common sense and refers to who sits behind a curtain and ointments have pockets . This video is worth it .

As regards developments inthe monitored pair EUR / USD, so he strengthened yesterday morning, but was unable to overcome resistance around 1.3020, for which we are warned. At a subsequent decline shoppers still seemed determined to hold the position, but after the publication of the U.S. macro news quickly abandoned their positions and the market weakened, until the moment to test the Asian session low, which we are also pointed out. A decrease during the U.S. session, the market has come to the Reviews Support around 1.2930, which we also pointed out, and which formed near the low of the day.

Due to the development in the night, when, after the corporate results from the U.S. weakened risky assets, we expect the pair EUR / USD test prices below to Reviews Support around 1.2890.If the market closes below this support, thus opening the way for Reviews Support around 1.2840 and 1.2800. Afternoon, U.S. published macro messages that can change the sentiment. Given that weakening the whole week, so they could short traders before the weekend want to select a portion of the profits, and this can lead to growth. Above the current market price (1.2930) is significant resistance around 1.2950 and about 1.2985 and 1.3020.

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