Greece: share you trouble, and you will get better

Forex news. Euro rate.
Psychologically, it is very hard to be a leader of the nation, whose neighbours and partners consider it to be the nation of idlers. This might have been the reason why ex-Premier of Greece Georgios Papandreou has made a decision to quit the post of Socialistic Party leader and take no part in the up-coming elections.
Current head of Greek government Lucas Papademos is also getting emotional. This has been demonstrated by the situation when, having failed to reach common ground with labour unions concerning the question of urgent need to reduce wages, current premier was obliged to make a public statement that the program aimed at saving Greek economy will not work if labour unions do not seek for understanding and try to reach consensus. Consequently, there will be no money to pay out debts, and in March there will collapse non-payment crisis, or, in other words, default.

Lucas Papademos has certainly felt much better when in his statement he has shared his doubts and worries with Eurozone neighbours and has shown the route of worries.

Technically, in relation to EURUSD currency pair, FOREX market has not yet faced the hidden wave "В" of d1 level. The price has currently reached the first negative point of 1.2885, the next one is 1.2724. They will become the nearest targets of the trend.
How the situation develops is to be traced at smaller timeframes. The highly potential ТР (Turning Point) of h1 wave level is being considered towards falling. According to the System of Early Prediction Sub-department at Masterforex-V Academy of Trading, as soon as the first impulse bearish wave is over, there will start a full-scale falling cycle of “ABC” algorithm of h1 level, which is to be set below the abovementioned levels. Provided that this happens, hidden wave “B” of d1 level will be delayed. Otherwise, is the levels are kept, the price will start rising wave "С" d1, following hidden wave "В" d1.

 

 

 

The System of Early Prediction Sub-department under the Department of Masterforex-V Trading System will signal about the change of the situation or the direction of trend.

.

 

 

You are free to discuss this article here:   forum for traders and investors