Yesterday the National Bank of Greece published its external debt report, which came up to be positive, reassuring Greece along with the forthcoming tourist season.
The net public debt in February was reduced from €94.4 down to €90.5B. Pursuing the internal economic policies aimed at reducing the external debt, the Bank of Greece demands constant reports from the Greek banks. The data will be published in mid May.
FOREX.
EURUSD, which is rather sensitive about any events in the Euro-zone, seems to be calm. The nature of the price movement makes it possible to assume that EURUSD is developing the 4th sub-wave of wave C H1. Thus, it would be reasonable to suppose that the price may reach 1.4984 while developing the 5th sub-wave.
According to the Sub-department of Anticipatory Forecasting under the Department of studying Masterforex-V trading system , the alternative scenario means turning the current correction of h1 into a reversal wave against the main trend. However, this variant is very unlikely to take place.
To define the vector of the forthcoming movement we apply the elements of the Anticipatory Forecasting System and other binary patterns by MF.
