06.04.201113:25 Forex Analysis & Reviews: EUR/USD wave analysis for April 6, 2011

Long-term review

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Yesterday the EUR/USD could not develop the recent downside movement and went up from the reached low (1.4155) by almost a figure later in the day. At the same time current wave situation allows further development of the upside movement and forming a more complex inner wave structure of the 5th wave, in the 3rd. Simultaneously, the euro still might resume downside correction in the range of future continuous 4th wave.

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