Alex Bobrov
On Friday Euro declined versus USD. Trading stats tell us that most investors are focused on China’s possible involvement in the salvation of the eurozone. Previously it was reported that China was ready to invest in the EFSF. However, numerous investors are skeptical about it.
Some experts say that if China does help the EU to solve its problems, investors may become increasingly interested in risky assets.
According to the department of Masterforex-V Trading System , EURUSD keeps staying in the price range formed by wave C H8. In order to compete the major upward retracement the price needs to reach 1.4382. The MF sloping channel 1.3656/1.3798 and the MF pivot 1.3800 remain the main levels of support.
Alex Bobrov
