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FX.co ★ EUR/USD wave analysis for March 15, 2011

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Forex Analysis:::2011-03-15T09:21:53

EUR/USD wave analysis for March 15, 2011

EUR/USD wave analysis for March 15, 2011

The fact that the EUR/USD price advanced above the 1.3950 level probably indicates the beginning of a new uptrend section. If so, the growth will be limited by its 3rd wave (in the 3rd). At the same time, during Friday-Monday upside movement the first waves of the inner wave in this 3rd wave were formed. The MACD divergence also indicates possible continuation of growth.

Analyst InstaForex
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