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FX.co ★ Wave Analysis of the EUR/USD for November 29, 2010

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Forex Analysis:::2010-11-29T08:25:41

Wave Analysis of the EUR/USD for November 29, 2010

Wave Analysis of the EUR/USD for November 29, 2010

On Friday amid the rising disquietude related to future developments of the financial situation in Europe the EUR_USD pair continued the downtrend and by the deals closing it had lost more one and half of figure. In such a manner, the local maximum of Thursday (1,3385) is possibly an end of the second wave in the 3-d one (or С). If so the gathered dynamics of the market can prompt further weakening of Euro towards the level 1,2960 and within the third wave (or С).

Analyst InstaForex
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