Forex Zone (Forex Zone)
Czech markets  |  December 17, 2012 09:17:45

China wants to keep a stable economic policy


One of the unnamed representatives of the Chinese central bank said the bank does not see any next year, the great return of inflation, and also that there is no great pressure on an aggressive easing of monetary policy.

Reuters reported that China will in 2013 to maintain stable economic policy and retain room for maneuver in the event of global risk. According to Xinhua, China will also deepen reforms that promote long-term growth.

As regards developments in the monitored pair EUR / USD, so that on Friday with its development and thus surprised and surprised us all last week (on Monday opened a whole week without a major correction grew and made ??a few pips below its high).

Friday's American session brought to the market a strong uptrend. Wondering whether it was a short extrusion traders out of the market or whether the market is open to long-term buyers. Our view is still true that, under the current market price is a lot of goals with great potential for testing.

Everything but our analysis will decide about the level of 1.3200. As to the already marketed during today's Asian session approached. If the market closes this week above 1.3200, we take it as a great breakthrough margins, which began on the weekly chart form in mid-September. If the price goes back to that range, so fill our expected scenario, where we expect that the price will be tested below.

On the market there is now a short-term and long-term uptrend, so that its turnover will require some significant macro message. We will wait and watch carefully "fight" for the level of 1.3200. For today, we expect a consolidation day character between 1.3200 and 1.3110.

Read also:

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