Main Quotes Calendar Forum
flag

FX.co ★ Wave Analysis of the EUR/USD pair for August 31, 2010

parent
Forex Analysis:::2010-08-31T12:00:00

Wave Analysis of the EUR/USD pair for August 31, 2010

Wave Analysis of the EUR/USD pair for August 31, 2010

The renewed yesterday decrease of EUR_USD seems to have fixed the ending of the 4th wave in the 3rd (or C). If it proves right, the continuation of the euro rates falling and the formation of the 5th wave in the 3rd (or C) can be awaited. Besides, taking into consideration the inner dimension of this expected 3rd (or C), the first possible target for it can be 1.2545-1.2540, which moreover, corresponds to 61.8% of the current correction. At the same time, any break through the minimum since August 24 opens the way for the pair to the area of 1.2300, where the equality of the expected A and C waves is located.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...