FX.co ★ Wave analysis of the EUR/USD currency pair for September 23, 2009 .

As it was mentioned above, it seems that the wave 3 in C-point has not completed its formation yet. Meanwhile, with the EUR/USD pair movement to 1.4860 rises the probability of correctional pullback. As yesterday, the next target level is around 1,4860 and further to 1,4900 – 1,4960. About increasing probability of correction also signals the MACD divergention. Long positions opening appears to be rather risky.

Regards,

Analyst: Aleksandr Dunin