Despite the storm clouds of pessimism hanging over Greece, Angela Merkel and Nikolas Sarkozy managed to make a break in those clouds, thus reassuring investors.
As the result of the recent 3-party talks, Sarkozy and Merkel expressed confidence that Greece wouldn’t leave the eurozone while George Papandreou promised to keep implementing the approved austerity measures. These statements give us to understand that Greece won’t default on its debt in the near future.
In his turn, yesterday Jose Manuel Barroso said the Euro Commission was ready to offer some variants of Euro bond purchases.
FOREX.
According to the SRP Sub-department under the Department of Masterforex-V trading system , EURUSD will probably continue its upward retracement of H4 at least until the main line comes out of the flat zone of AO_Zotik on timeframe H4. In this case the levels 1.3835 and 1.3958 will be the closest targets. For this scenario it is necessary to monitor the integrity of the pattern structure.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
