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FX.co ★ EUR/USD wave analysis. Week review

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Forex Analysis:::2011-03-28T10:21:19

EUR/USD wave analysis. Week review

EUR/USD wave analysis. Week review

An unsuccessful attempt to pass the 42 figure level resulted in the move of the EUR/USD by 1.5 figures in favour of the dollar. At the same time the wave situation formed in the uptrend section between March 11 and 22 looks incomplete. Therefore, current situation allows a possibility of resuming upside movement of the euro and completing the formation of the inner wave structure of the 3rd wave in the estimated c, or the 3rd (in the B). If so, there is a chance the rate will advance to the 1.4350 level in the nearest time.

Analyst InstaForex
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