Forex news.
Today is another “fateful” day for euro zone. Today Finance Ministers of euro zone are supposed to make a decision on providing another credit agreement to Greece, the value of which is 130 billion euro, as well as on partial debt relief, which amounts to 100 billion euro.
So far, two technical issues are yet to be resolved:
- mechanism of tighter control over Greek finances,
- opening a non-governmental bank account for back payments.
Although such measures may seem disgraceful, Greek government basically does not have a choice.
The tension of the situation is proved by the fact that on Sunday, on the eve of taking important decisions, Greek Prime Minister Lucas Papandremos was in Brussels in order to have a private meeting with the heads of European Union.
At FOREX market EURUSD currency pair is working on rising ТР (Turning Point) of h1 level. Such movement may be the start of rising wave “C” of h6/h8 level and, consequently, the continuation of rising ТР of Daily level. According to the specialists of the System of Early Prediction Sub-department within Masterforex-V Trading Academy, the price will aim at the point of 1.3406.
