3:29 PM
Wave Analysis 19.03.2015 (EUR USD)
FXTM Online Analysis Department.
EUR USD, “Euro vs US Dollar”
Euro has finished its descending movement inside wave (v) of [iii], and probably completed wave [iv] of 5 in the form of zigzag. At the same time, there is an alternative scenario, a very possible one, which implies that yesterday the market finished the strengthening period of US Dollar against Euro, which started in 2008, and by now the pair has already formed the first five-wave structures of a large ascending movement. The situation will become much clearer after several trading sessions.
Probably, the price has finished horizontal triangle (b) of [iv] of zigzag [iv] of 5. The critical level is at 1.1039. The situation will become clearer within the next 2 or 3 days.
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