Summit of G7, which includes the U.S., Canada, UK, Germany, France, Japan and Italy ended on May 11, near London. Although the final document wasn't accepted by participants of a meeting, but participants declared that they "synchronized watches" and agreed positions on the economy and financial sector.
Also, heads of the Central Banks and Ministers of Finance of the participating countries of G7 expressed their intention about refusing to devalue the national currency for the purpose of achievement of fast effect of growth of economy. Thus, the finance minister of Great Britain, George Osborne said that the participants of the summit was officially recognized that each country should provide G7 economic growth only on the basis of balance, and the representatives of Japan assured, that the new economic strategy of the country is not based on the devaluation of the yen.
The euro exchange rate continues to decline against the U.S. dollar and reached 1.2935 - experts explain the Department of online learning Trading System Masterforex-V, breaking through the strong support level 1.2956. In case of further downward movement, euro is expected in the area of support 1.2862. Resistance is located in the MF sloping channel and MF pivot 1.3190.
