Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, says the IMF may extend the term of the Greek debt payments. The decision should be approved by the EU authorities. Dominique Strauss-Kahn is impressed by how many efforts Greece makes to recover its economy. He hopes that by 2012 Greece will have reached positive values. However, according to him, Germany is against extending the term form 3 to 11 years.
Meanwhile, Greece keeps seeing protest actions.
EURUSD is retracing against the bullish wave 1.2968-1.3422. At the Department of studying Masterforex-V trading system they suppose that the price is currently developing wave a (C )/C.
At 11.00GMT Germany is to release its data on Industrial Production
Support/Resistance levels:
1.3368 - 76.4% А
1.3334 - 61.8% А
1.3307 - 50% А
1.3296 - 50% а(С)
1.3271 - 38.2% а(С)
1.3209 – the current price
1.3141 - 123.6% а(С) + 161.8% А + 61.8%
1.3075 - 200% А + 76.4%
1.3022 - 88.2%
1.2968 - base А
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