The final decision concerning the €30B Greek debt restructuring will be made by a special committee, involving the holders of Greek bonds. The committee’s major purpose is to defend the interests of those who invested in Greek bonds with expiration in April 2013 (€650M). Taking into account the low yields of new EFSF and Greek bonds, the potential losses are estimated at 74%.
In the meantime, USDCHF is forming an upswing – wave А/В of wave level Daily. According to the Department of Masterforex-V Trading System , the closest levels of resistance are 0.9215, 0.9248, 0.9263, 0.9301, 0.9299. The current upswing will be completed once the price breaks below the MF sloping channel and pivot 0.9113.
