14.09.201113:18 Forex Analysis & Reviews: EUR/USD wave analysis for September 14, 2011

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Yesterday during the whole day the EUR/USD currency pair was trading between 1.3570 and 1.3730 levels. At the same time the formation of the expected 4th wave in the 3rd, or c, was continued. It should be mentioned that given the current inner wave structure of this 4th wave we might expect that its targets are located between 1.3750 and 1.3800. In the meantime, in case the euro finds enough power to continue the upside movement to higher price levels, the inner wave dimension of the 3rd wave, or c, will demand corresponding corrections.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.