Today the EU is holding an unofficial summit in Brussels. The issues on the agenda are the same: how to overcome the eurozone crisis and to ensure the economic growth in Europe. The recent G8 summit in the USA showed that the Group of Eight is for preserving the integrity of the eurozone.
However, yesterday’s parliamentary debates showed some nervousness. Some European parliamentarians were talking about the possibility of Greece leaving the eurozone and going back to the Drachma. They share the opinion that if the crisis does escalate, it is necessary to face the truth and to consider the details of the scenario.
Forex.
According to the SRP Department of , EURUSD keeps forming the mid-term downtrend. The currency pair is currently forming a bearish wave of wave level H1. After finishing sub-wave 5, the price will either elongate the wave or to start a correction against it:
