On EUR_USD graphic emerges rather interesting picture. If price couldn’t breakdown above 08.05.09 maximum, than in this case price turn-round against current main trend. But in the same time in case of Euro breakdown above mentioned level, we can also see finishing of trend and rather close u-turn, after finishing of forming supposed 5th wave… Remaining divergence on MACD speaks the same.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst