EUR/USD Wave Analysis (September, 2 2009)

Currency market has responded to the fall down of the main global indexes with dollar fixing. Nevertheless, EUR/USD pair is still in merges of the rising bladed trend. Anyway the rising scope remains until critical rate arrival. 4-wave will presumably take more complicated and prolonged form and the minimum from Aug, 17 2009 may be subdued within the process of further formation of this wave. At the same EUR/USD is able to form stable falling trend in case of widening of ‘risks and hazards escape” process at stock markets. But it’s untimely to discuss such a scope. It’s necessary to remark that MACD has worked off the earlier formed divergence at the 4-hour-diagram.

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