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FX.co ★ Wave Analysis of the EUR/USD for November 17, 2010

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Forex Analysis:::2010-11-17T08:38:25

Wave Analysis of the EUR/USD for November 17, 2010

Wave Analysis of the EUR/USD for November 17, 2010

The EUR/USD pair could not form more positive structure of the supposed correctional 2d wave (or B) and continued moving downwards. Amid this a new down-going area has pointed out the first waves of this downtrend. If so then proceeding from the 1st wave dimensionality in the 3d (or C) then it may be considered that Euro has targeted to reach the level 1,3335 with further drop prospect to the rates below the 31-st figure.

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