Forex news. EU-US summit is to be held today.
Previous similar event was held one year ago in Lisbon. This time the meeting is held in Washington. As stated in the message of the White House, “US President Barack Obama welcomes EU leaders”. European Union is represented by the President of European Council Herman Van Rompuy, the President of European Commission Jose Manuel Barroso, and the EU High Representative Catherine Ashton.
A wide range of questions are to be discussed, among them: global economic problems, means to achieve stability in Middle East and Northern Africa, as well as security issues, which are primarily connected with Iran issues and improvement of cooperation in fighting terrorism.
At FOREX market EURUSD currency pair has presumably formed sub-wave “c” within correctional down wave “C” of h1 level. The price of the currency pair is going to further continue the mid-term bearish trend, whose targets are 1.3201 and 1.3152.
However, according to the System of Early Prediction Sub-department under the Department of Masterforex-V Trading System , if the forming ТР (Turning Point) of h1 level goes up, and ML (Main Line) crosses line RS (Resistance/Support) of AO_Zotik indicator at h4 timeframe, there will at least be the rise of correction to wave “C” of h4 level.
The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or the direction of trend.
