EUR/USD Wave Analysis for September 14, 2012
After the decision about QE3 was taken yesterday, the EUR/USD pair climbed 130 points and fixed near 1.3000 level. Thus, its morning wave structure of the upward trend and its 5 wave demonstrated a more complex shape which enabled growth to 33 figure. At the same time, the rule of “selling according to the facts” may contribute to this scenario and initiate a correctional movement as the market has already taken into account the mentioned above FOMC decision.
Performed by Александр Днепровский, Analytical expert
InstaForex Companies Group © 2007-2011
Types of Analysis: Wave analysis
Experience: 4 years
Analytical Credo: No information in english