After negotiations with the president of Cyprus Nikosom Anastasiadis, the head of European Commission José Manuel Barroso let know that the European Union will continue to support Cyprus as the country confirmed its commitment to the rules and EU standards.
According to Barroso, a starting point for national economy is the program on rescue of Cyprus which will help to review the principles of economic growth and to give the solution of problems of the banking system vulnerability on island. He emphasized that delays in decision-making are very expensive from what simple citizens suffer.
The fact that the Cypriot government agreed with updatings of the program and took necessary measures, is "a good sign" which gives you the confidence to face the future. But, economic shock can give rise to negative social consequences. In order to avoid this, a group from the EU will work closely with the country government.
The euro exchange rate continues to fall against the US dollar and reached 1,2883 - experts at the online learning department of Trading Systen Masterforex-V explain. The next support is expected at 1,2785. Resistances are the MF sloping channel and pivot MF 1.3190.
