The International Monetary Fund has confirmed a request for another loan from Greece. The IMF is determined to discuss a new financial aid with Greek and European representatives. It should be noted that the other day, the Greek parliament approved a package of new laws required to start another round of talks between Greece and the troika of international lenders.
Meanwhile, local sources report that most of the recent surveys conducted in Greece confirm that most responders support the 3-year financial aid to Greece and want it to be implemented as soon as possible.
Most of the plain folks out there are sure that Greece is going to see positive chances since the oil politicians are gone and the new ministers are young and full of fresh and efficient ideas to make Greece a better place to live for the Greek people.
At the same time, the Greek authorities are planning to reach an agreement with the lenders by August 20th. The agreement is expected to let Greece count on 86 billion EUR of loans over the next couple of years.
EURUSD
Meanwhile, the SRP Department of Masterforex-V Academy decided to share its own view of the situation in the market of EURUSD. Thanks to a certain set of powerful tools designed by local experts, they conclude that the price is currently continuing wave C of level H4 inside the bearish ABC-retracement pattern. When the inner structure of the pattern is broken, this is going to hint that the pattern is complete and the price is likely set to trigger a new bullish momentum of level Daily.
