Another European summit in Brussels is underway. Yesterday Herman Van Rompuy was reelected President of the European Council. He will stay in office until 2014. The summit participants are discussing the budgetary agreement aimed at securing the European financial system. This is the main issue on the agenda. The UK and Czech Republic are still opposing the agreement.
The German Chancellor Angela Merkel is sure that the agreement is a major step towards ensuring the stability of the European Union.
Forex.
In the meantime, EURUSD is recovering against the previous downswing of wave level H1. According to the SRP Department of , the direction of the future trend will clarify when sub-wave C inside this correctional pattern is completed.
