Vacation season was finished – it’s time to make money. Exit of the pair EUR_USD above the equality mark of supposed A- and C-waves inside the 5th, forces us to think of them as of 1st and 2nd waves into the 5th. In this case the possible targets of this dynamically developing supposed 3rd can be put near the marks 1.4635 and so on – till 1.4760. At the same time, stochastic shows us Euro overbuying and therefore - the correction roll-back from mentioned levels can be followed.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst