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FX.co ★ EUR/USD wave analysis for April 8, 2011

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Forex Analysis:::2011-04-08T09:51:56

EUR/USD wave analysis for April 8, 2011

EUR/USD wave analysis for April 8, 2011

During yesterday’s trading the EUR/USD was declining from the 1.4345 high, reached earlier. At the same time, such downside movement is probably limited by the estimated 4th, in the 5th (in the 3rd), which might become more complex and prolonged given a very complex inner wave structure of the 5th wave. Simultaneously, target levels for this 5th (in the 3rd) still apply and are located near the 44 figure level.

Analyst InstaForex
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