الثلاثاء، 28 أغسطس 2012

Wave Analysis 28.08.2012 for EUR/USD



EUR/USD


Well, it looks like wave [4] hasn’t been completed yet, the correction is taking the form of double zigzagpattern. On the minor wave level Euro is forming wave C. Most likely, in the nearest future the price will make a reverse and start moving downwards inside wave [5] of 3.




More detailed wave structure is shown on the H1 chart. We may assume that wave B has been already finished. The price may continue growing up a bit inside wave C during Tuesday, but in several days it will most certainly make a reverse.


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