FX.co ★ EUR/USD wave analysis. Weekly review

On Tuesday, after all the EUR/USD price had broken out the low of 2008 and on Friday it refreshed a dynamic downward trend against the euro. Thus, it seems that the formation of the 3rd wave with complicated inner structure in 3rd (or C) has resumed. At the same time, it should be noted that in the existing situation and judging by the inside wave structure of the 5th in the 3rd, its targets can be well below the earlier-mentioned level of 1.1850. In any case, holding short positions, do not forget to set stop loss.