After the New Year holidays the IMF/EU/ECB mission is going to come back to Athens to continue discussing the Greek debt issue and to agree on a new €130B loan for the debt-ridden eurozone member. In the meantime, the IMF starts questioning Greece’s ability to service its huge public debt, including both existing and future loans.
In the meantime, EURUSD is forming wave B inside a retracement wave of level H1-H4. We can speak about the correctional nature of the upswing as the low potential of the H1 RP workout (1.2785 inside wave A) hasn’t been exceeded. The impulse structure of the upswing is broken, which a possible complex pattern within the framework of wave B.
According to the SRP Sub-department under the Department of Masterforex-V Trading System , if there are signs canceling the wave B scenario, the mid-term downtrend will be resumed.
