The Greek government approved the austerity plan at the weekend. The measures are needed to receive another loan (€130) from the IMF/EU /ECB trinity of lenders. Today the Greek parliament will consider the plan.
Once it is approved, it will guarantee the implementation of numerous austerity programs. In the meantime, common Greeks keep protesting the austerity measures. At the weekend, thousands of people went to the streets to participate in protests and demonstrations.
FOREX.
EURUSD is in the process of forming a long-term upswing – wave B(C ) – against the long-term downtrend. According to the Department of Masterforex-V Trading System , a break above the MF sloping channel and pivot 1.3549 will make it possible to consider the forming of wave A/B of a bigger wave level. The closest levels of resistance are 1.3376, 1.3418, 1.3434, 1.3465, 1.3609. A break below 1.2623 will trigger a downswing – wave C( C ). However, to do that, the price should form sub-wave A, which will break below the MF sloping channel and pivot 1.3097 (as shown below):
