Alex Bobrov
Yesterday Olli Rehn announced a new round of talks between Greece and the representatives of the ECB, IMF and the Euro Commission. He hopes that the talks will become a success otherwise Greece won’t make it without another loan.
Last week the talks were suddenly suspended because of some disagreements on budget deficit reduction. However, since then Georgeos Papandreou has already introduced an extra real-estate tax.
FOREX.
According to the SRP Sub-department under the Department of Masterforex-V trading system , EURUSD has already finished a downswing - wave A H1 inside wave C H4. At the moment it is probably forming an upward retracement – wave B H1. One it is finished and the pattern structure is retained, we will probably see the currency pair forming another downswing – wave C H1. In this case the price may well reach 1.3444 and 1.3247.
If the retracement is developed further, thus breaking the pattern structure (a break of the main line and the S/R line of AO_Zotik), we will probably see at least sub-wave 4 H4.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
Alex Bobrov
