A pair Euro-Dollar could not develop outlined success. Supposedly, marked truncation in 5th wave, Euro started its departure. In whole, a potential for another spurt up yet not exhausted, but market volatility that enforces, can bring many surprises. Also pays attention to itself a fact, that price worked-off last correction level 88.6% between December 2008 maximum and March minimum. Because of this a market remains in a bit of expectation of additional stimulus for continuation of Euro growth. By today’s motion down can be marked both: a price turn-round and also it correction before upward trend resumption, which can take protracted form. Current situation forces us to wait for more certainty.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst