The French parliament has finally adopted the bill, increasing the minimal retirement age.
The draft law is to be signed by the president Nicolas Sarkozy within the next few weeks. In its turn, the opposing Socialist Party of France is going to address the Constitutional Council of France to find out whether the reform is truly legitimate.
EURUSD has terminated the bearish wave a(C )/C. If there is no breakout of the MF Sloping Channel and MF pivot, the price may start forming wave c(C ). Otherwise EURUSD will continue its uptrend in the form of wave a(C )/C.
Key news for today (Oct 28th GMT):
10:00 GBR - CBI Realized Sales
12:30 USA - Jobless claims Levels of Support and Resistance: 1.4046 - 261.8% + 76.4% + Oanda’s sell limits
1.3972 - 200% + MF pivot + Oanda’s sell limits
1.3898 - 138.2% + 50% + Oanda’s sell limits
1.3866 - 38.2% + Oanda’s sell limits
1.3807 – the current price
1.3734 - FZR + Oanda’s buy limits
1.3707 - Oanda’s buy limits
1.3697 – the peak of wave A
1.3652 - 123.6% + Oanda’s sell stops
1.3602 - 138.2% + Oanda’s buy limits
1.3588 - 123.6%
1.3557 - 150% + 38.2% Text: Ivan Zhigalov , an expert of the Department of studying Masterforex-V trading system
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