Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD wave analysis for February 22, 2011

parent
Forex Analysis:::2011-02-22T09:49:45

EUR/USD wave analysis for February 22, 2011

EUR/USD wave analysis for February 22, 2011

Having declined by slightly more than 50 pips the EUR/USD currency pair is demonstrating uncertainty in its attempt to form another downside section of the estimated inclined triangle. At the same time its d wave looks quite completeб which together with overbought Stochastic might indicate forthcoming formation of the e wave of this complicated correction structure. However, we should not exclude the possibility of the с wave in the d to become more complex and prolonged, which might result in advance above the 1.3750 level.

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...