Another in-day Euro-course sudden change didn’t clear up a situation. Visually C-wave in supposed B as before looks as unfinished. As it was on Friday, in its structure can be well seen 3 formed waves. It is logical as we already mentioned that C-wave in B must complete 5-wave structure. In this case, the price yet can test-out 1st September local minimum. Therefore there is a possibility remains for quote descends to the levels close to 1.4170 and further till 1.4120. And so afterwards an expected final stage of the pair’s EUR_USD growth can follow.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst