On Tuesday the US President Barack Obama met with the Chancellor of Germany Angela Merkel.
The discussed a number of questions, including the conflict in Libya, the bilateral relations between the USA and Germany and the Euro-zone’s debt problems. In particular Barack Obama was worried about the situation in Greece. He expressed the hope that the EU would give Greece a change to solve its debt problem.
In her turn Angela Merkel said that Germany was interested in helping Greece in order to not jeopardize the economic recovery of the EU. Barack Obama said the USA was ready to help directly and through the IMF because in perspective the unsolved Greek problem might result in a global economic disaster.
FOREX.
EURUSD has some preconditions for initiating wave C M15 inside the ABC pattern with a hidden wave B, which is confirmed by H1. The possible targets of such a retracement are 1.4591, 1.4539 and 1.4486. Once 1.4557 – the downward RP (reversal point) of H1 – is broken the upward wave C H1 will be completed. IF the ML (main line) breaks the S/R (support/resistance) line on H4, the price will initiate a retracement against the wave started at 1.3969.
According to the SRP Sub-department under the Department of Masterforex-V TS, the given retracement may turn out to be wave 4 h1, which will be followed by another rally continuing the uptrend.
The SRP elements and other binary patterns by MF are applied in order to define the direction of the forthcoming movement.
Alex von Stachelkopf, the SRP Sub-department under the Department of studying Masterforex-V trading system
