Tatiana Dementieva
Until June 15th Portugal must pay back about €5B of its external debt. The EU and IMF are going to provide Portugal with financial aid.
Jose Socrates addressed the Portuguese nation on the national TV to explain that Portugal will get the financial aid under much favorable conditions than Greece or Ireland. The loan is estimated at €78B.
On Thursday in Lisbon the representatives of the EU and IMF are going to hold a press conference. They are expected to provide the details of the agreement.
On June 5th Portugal is to hold elections. A new government is expected to bring positive changes. So there seems to be no reason to worry about the future on Portugal .
FOREX.
EURUSD is still “calm”. The currency pair is developing a correction of h4, which will probably last until there is a match of the BL (balance line) and the АО_Zotik indicator on the corresponding timeframe. The mentioned correction contains full-grown waves of H1 while the price keeps forming wave C.
According to the Sub-department of Anticipatory Forecasting under the Department of studying Masterforex-V trading system , the most probable scenario is the continuation of the mentioned wave C of H1.
In order to determine the direction of the future movement we apply the elements of the Anticipatory Forecasting System and other binary patterns by MF.
Tatiana Dementieva
