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FX.co ★ EUR/USD wave analysis for May 31, 2010

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Forex Analysis:::2010-05-31T12:00:00

EUR/USD wave analysis for May 31, 2010

EUR/USD wave analysis for May 31, 2010

Having bounced on Friday from the upper line of the downfalling range the price of the EUR_USD pair marked a wish to continue the US dollar solidifying. If this tendency remains, we will be able to see the sequent attempt of testing the low of 2008, which is in 1,2130 area. As a result of such testing, the scenario planning a more complex inner wave structure of the 3rd of the current declining trend part of wave can be confirmed.

Analyst InstaForex
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