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FX.co ★ EUR/USD wave analysis for April 26, 2011

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Forex Analysis:::2011-04-26T08:40:34

EUR/USD wave analysis for April 26, 2011

EUR/USD wave analysis for April 26, 2011

During yesterday’s trading the EUR/USD moved further in the range, which however was wider than on Friday. At the same time we might suppose the price formed a quite complex b wave in a more continuous 2nd wave (in the 5th) of the whole uptrend section initiated in the middle of December. If so, in the range of the с wave in this 2nd the euro still might decline to the correction level 38.2% or even 50.0% (1.4400)

Analyst InstaForex
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