Tatiana Dementieva
It’s been several months since it was decided to expand the EFSF in order to help the risky eurozone economies and to stabilize the markets through bond purchases. This decision needs to be approved by the parliaments of all the 17 eurozone members.
Yesterday the Maltese parliament unanimously approved the plan. Slovakia is the last one to vote for or against the plan. Yet it is the Slovakian parliamentarians who cannot agree on the issue. Some of them say that the eurozone-wide anti-crisis plan is a heavy financial burden for the country.
FOREX.
According to the SRP Sub-department under the Department of Masterforex-V trading system , EURUSD has started retracing against the recent upswing. It is still insignificant if to look at the H1 timeframe, even though the main line and the S/R line of AO_Zotik are crossed. Once the RP workout of M15 is over, we can expect the price to reach 1.3721 and 1.3840.
The intersection of the ML and S/R on H1 hints that the price has just started a downward RP and there is a chance of an intraday reversal.
To define the vector of the forthcoming movement we apply the SRP elements and other binary patterns by MF.
Tatiana Dementieva
