Forex4you

EUR/USD: the middle-term perspectives review

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

“If you say music feasts one of our sensors – ears …
the prospect likely acts with eyes
being of much greater value
as they are the doorway into the intellect.”
Lucas Pazziolli

   The Friday forecast was proved with the decrease to one of the key levels though the potential target hasn’t been reached yet. Meanwhile, the perfection of the whole descendant structure is discernable; the wave sublevels are also accomplished. In view of the foregoing considerations the start of the forming of the correction to the previous decrease is expected with the estimated targets within the range of 1.3590-1.3630. The technical obstacle in the shape of the top edge of the channel still being non-confirmed though finds itself in the same place. In case of favorable concatenation of circumstances this very sector will become attractive from the point of view of sales.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst