FX.co ★ EUR/USD Wave Analysis for September 7, 2010

It seems that yesterday the EUR/USD pair finished the formation of the expected c-wave (or the 3rd). Anyway, currently, its inner wave structure looks completed enough. Moreover, this possible ending of c-wave (or the 3rd), is also confirmed by the worked out ratio between the waves a (or 1) and c (or 3) equaling to 1,618 according to Fibo. Besides, the placement of the indicators does not contradict the potential beginning of the decreasing trend on the market against the euro.