Forex news. The previous weekend appeared busy for Italian Prime Minister Mario Monti. On Friday he had a meeting with the President Giorgio Napolitano, where the Premier made his suggestions concerning fighting economic crisis. After the President’s approval, Monti has held a number of consultations about anti-crisis means with a number of political leaders, including trade unions representatives. By the end of Sunday the Cabinet of Ministers approved the suggestion on additional economy of 24 bln. Euro of budget means, which stipulates the rise of taxes and pension shortage. The Premier demonstrated solidarity to his nation by refusing the salary of the Head of the Government and Minister of Finance. Today Mario Monti is going to announce the final variant of anti-crisis means at first to the Lower Chamber of Italian Parliament, and then to the Senate.
The position of the ML (Main Line) of AO Zotik indicator in relation to SR (support/resistance) line within h4 timeframe will define the further movement of EURUSD currency pair at FOREX market. At least wave “B” will be formed if the ML of SR is passed; otherwise, the TP (Turning Point) of rising h4 level will start.
According to the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System , there is a correction within h1 timeframe; judging from the wave pattern, it may be the 4th wave of this wave level.
The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or the direction of trend.
