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FX.co ★ EUR/USD wave analysis for February 24, 2011

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Forex Analysis:::2011-02-24T09:54:27

EUR/USD wave analysis for February 24, 2011

EUR/USD wave analysis for February 24, 2011

Yesterday the EUR/USD currency pair continued recent advance, slowly approaching early month’s high. As a result, current wave situation allows supposing that Tuesday’s low 1.3525 is the end of the e wave of the complex wave structure initiated February 2. However, its shape looks rather simplified. At the same time, if the e wave is completed, we can expect the euro to advance in the direction of targets above the 39 figure.

Analyst InstaForex
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