21 November 09:29 AM
Forex news. Today Greek Prime Minister Lucas Papandemos, for the first time in his new position, is visiting Brussels in order to have a planned meeting with the President of the European Commission Jose Manuel Barroso and the President of the European Council Herman Van Rompuy.
In several weeks Greece will face default, whereas so much needed and already allocated 8-billion tranche of financial support remains blocked from the moment when former Premier Georgios Papandreou decided to share the responsibility for taking major decisions by holding a referendum.
Lucas Papandemos is to solve the problems of bringing back financial support and receiving new tranches. In addition, he is supposed to hold negotiations on the debt remission procedure stipulated by October agreement. Therefore, he is not going to waste his time and will come to Luxembourg tomorrow in order to meet the President of Eurogroup Jean-Claude Juncker.
At FOREX market EURUSD currency pair has supposedly formed wave “В”, which moves down the previous bearish wave of h1 level. Euro rate is to keep falling, targeting at 1.3382, in order to keep the impulse trend of h4 wave level. Otherwise, according to the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System , correctional structure will get complicated.
The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or trend.
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