If we look at the EUR_USD day graphic – it is well seen, how price stopped near correction level 88.6%. On four-hourly graphic also picture appears which allows supposing forthcoming ending of current upward trend. By developing on “wedge-shaped” scenario, a trend supposedly ends up forming a wave C in 5th of this wedge. In the process a price can turn-round in favor of dollar in any moment. To be unbiased we must also tell about target levels that stay on a way of trend till 1.4550 and even 1.4760. Indicators on day and 4-hour graphics also speaks about trend change possibility.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst