Photo: Eurozone: Greece Gets Financial Aid to Settle Accounts With Sponsors
Last week, the Euro Group approved another tranche to Greece. The size of the trance is 6,8bn euro. The funds are expected to be transferred to day after settling some minor formalities.
The sources of the tranche:
· The European Financial Stability Facility (EFSF) – 2,5bn euro.
· The ECB – 1,5bn euro.
· The IMF – 1,8bn euro.
The first two sources will transfer 500m euro each in October 2013 after Greece meets several requirements set by the troika of international lenders.
Forex
At the same time, the common European currency keeps recovering after the downtrend. The chart below, courtesy of the SRP Department of Masterforex-V Academy, reflects the current state of affairs in the market of EURUSD. The experts say that the price may well resume the upswing represented by wave C h1 after consolidating a little. The expected targets are 1.3345-1.3353.
Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
