Ivan Zhigalov
Forex news, Euro rate. By the end of current week one-day bank deposits into European Central Bank have risen to the record of 489 900 000 000, according to the statement of ECB representatives made on Friday.
This means that despite considerable improvements at European bond market high pressure remains in European bank sector.
This shows that banks have no confidence in each other. Under normal conditions, they are hesitant to keep their free means in a central bank.
As stated by DPA agency, banks are investing into such shares of ECB that have received means to support their liquidity. At the end of last year ECB has brought almost 500 billion Euro of three-year credits into the bank sector.
Speaking about Euro rate, during European trading session at FOREX market EURUSD currency pair keeps working on a turning point (TP) of h1 wave level. There is a rising correction wave level (CWL) within m15 timeframe; this may lead to the new cycle of rising sub-waves.
Otherwise, according to the specialists of the System of Early Prediction Department at Masterforex-V Trading Academy, the last leap will be made by fifth sub-wave of bullish trend of h1 wave level. This will be proved when the main line (ML) goes below the line of support/resistance (SR) of AO Zotik indicator within h1 timeframe:
Ivan Zhigalov
