MIG Forex Research

With the announced bail-out plan, the situation tension is somehow eased but actually the fund from the rescure package is just enough for short term plan, it does nothing to resolve many other longer term. The fact that Greece is sitting on debts that are expected to hit 290 billion euro this year and the cost of servicing future due debt is already too high (10-year bond yields rose to 8.56% lately, the most since 1998 and more than double the rate on comparable German debt) which Greece themselves admit it would not sustainable. They can’t expect from the income of their main industry tourism alone either.

There are 2 solutions for Greece :

- Pay the debt off ( Unlikely)
- Declare bankruptcy ( Probably )

The second option will likely happen, because the recure money from the package of EU and IMF is not sufficient , even if they increase it significantly , it still can’t help resolve the crisis while citizens from other EU countries don’t like their money to rescure other mistake either.
The longer this rescure plan continues, the more debt will be built up and the more dangerous the situation will get. On the other hand, with Greece’s default, the Euro currency will depreaciate much more and the big countries in EU like Germany, France, Italy will benefit and they prefer this scenario since they are major exporters and their product will become cheaper and more attractive.

Here’s How my Profitable projection system project the EUR/USD target automatically based on it's internal formula and market analysis.

This indicator shows the predicted move of the price in the near future (pink). This indicator doesn’t mirror the last move and reverse it like many others. But it really predicts the next move based on very complicated formula and market analysis. It’s better used with  1 Hour and 4 Hour chart. You can see how precisely it predicts EU drop lately compared with reality, somehow it know the crisis, lol.
Price is 27$, instant download, indicator file work with any accounts, any mt4 platform, no limit.