Forex Zone (Forex Zone)
Czech markets  |  December 13, 2012 10:21:44

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Yesterday was published the interest rate in the U.S.. Here nothing has changed, the main rate remains in the range of 0 - 0.25%. More information provided FOMC statement from which it follows that the Fed will print more money and that rates will be low until you reduce unemployment, or inflation does not exceed the new, higher goal.

Practically it happened, what is largely expected. Surprise was only about inflation and theoretical extension "support" of the Fed, because it was linked to a number from the labor market.

At night, there came the news that EU finance ministers had agreed that the ECB will get new powers and will be from 2014 to oversee the eurozone banks. This is the first step to a banking union. The EU today's news will definitely buy some time.

As regards developments in the monitored pair EUR / USD, so yesterday morning broke through the narrow price range direction above. We ourselves open long trade in the direction of the puncture, which we finished in the afternoon.Following the publication of the FOMC statement, the market for some time "wild" and strengthened to 1.3100 level.

Near yesterday's high, the market is moving well now (9:13). Due to the night of the announcement of bank supervision is the range of today's Asian session high. With regard to our expectations, we expect that the market will test the level around 1.3120 and that around this level entry into the market by the seller. Under the current market price because we see several targets with high probability test. Next we see resistance around 1.3160.

Below the current market price (1.3088), we see significant support around 1.3040 and about 1.3000.

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