Despite of the ripened correction, the pair EUR_USD continued their growth. In doing so, 3rd-wave construction in supposed C as it was before, looks some kind of unfinished. In any case, we can interpret this particular situation as u-turn forming for the price correction. To what extent it can be long and deep in the terms of trend’s high dynamic, it is yet early to speak of today. Indicators also signalize a possible correction beginning.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst