14.04.201112:10 Forex Analysis & Reviews: EUR/USD wave analysis for April 14, 2011

Long-term review

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Yesterday the EUR/USD continued its attempts to form the beginning of a continuous correction structure in the range of the future estimated 4th wave (in the 5th). At the same time, by the end of the day the price could not test the estimated correction level 23.6%, which might cause further downside movement directed to the targets below the 44 figure level, or even near the 43. Simultaneously, for a more convincing completion of the 5th wave, the euro price will probably make another attempt to pass the 1.4500 level.

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