FX.co ★ EUR/USD wave analysis for May 20

Failing to reach slightly more than 10 points to the mentioned yesterday correctional level of 50.0% of the main trend, the EUR_USD pair price started a dynamic upward rebound, working out the MACD divergence as well. At that, the 5th wave in C on the whole looks completed. At the same time, taking into account the difficult situation with the euro there are fears that the yesterday’s low can become the finishing of the 3rd wave in a very prolonged and complex 5th wave in C. If it is so, the current uprise of the euro rate can end around the 25th – 26th figure area.