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FX.co ★ Wave analysis of EUR/USD for July 8, 2010

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Forex Analysis:::2010-07-08T12:00:00

Wave analysis of EUR/USD for July 8, 2010

Wave analysis of EUR/USD for July 8, 2010

Yesterday’s slight EUR/USD price growth confirms the market aiming to the correctional level of 50.0% around the level of the 28th figure. At the same time, expectedly the wave 3 in 5 is obtaining a quite complicated form. The closeness of the assumed target sustains that the inner wave structure of this 5th wave is becoming slightly deformed with lengthening in 1st. Also, stochastic position attracts attention, which signals about coming ending of current stage of the euro price growth.

Analyst InstaForex
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