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FX.co ★ Wave analysis of EUR/USD currency pair. Weekly review

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Forex Analysis:::2010-06-28T12:00:00

Wave analysis of EUR/USD currency pair. Weekly review

Wave analysis of EUR/USD currency pair. Weekly review

As it was predicted, the EUR/USD price began to develop b wave in the 4th. At the same time, considering existing dynamics of the correction in favor of the euro, not less dynamic final of this b can be supposed, especially amid unpredictable response of the markets to the meeting of G20, as well as the start of c wave formation. On the other hand, for the same reasons, the currency pair can finish the current correctional phase and continue the downward trend against the Single currency. If the price moves up further, target levels for such movement still remain around the correctional level of 61.8%, close to the mark of 1.2790.

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