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FX.co ★ The EUR/USD wave analysis for December 24, 2010

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Forex Analysis:::2010-12-24T10:00:04

The EUR/USD wave analysis for December 24, 2010

The EUR/USD wave analysis for December 24, 2010

The EUR/USD currency pair could not escape from quite a narrow sideway corridor being stuck between the levels of the 31 and 32 figures. At the same time, slow price fluctuations form its complex wave structure that can be both correction within the future downside section and the beginning of a more complex horizontal correction structure. Simultaneously, forthcoming Christmas holidays have strong influence on the market activity, which is clearly demonstrated by the euro.

Analyst InstaForex
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