Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Friday, December 16, 2011

EUR-USD Technical Anlalysis 2011.12.16

The EUR-USD gave a fake brake signal in the past few hours, when the 1,3040 resistance was temporary breached.

I am going along with my previous opinion and say that 1,2900 is a very strong target and it is acting as a magnet for the market.  

Check yesterday analysis and see what 1,2900 really means:

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