FX.co ★ Wave analysis of the EUR/USD currency pair for October 2, 2009

In order to make the picture more defined, it has ripened the price correction in favor of the single european currency. MACD position tells the same. But even now, winning the scenario where the new section of the downward trend may follow the correctional bounce. However, it is impossible to forget that the 4th quarter has begun and, accordingly, there can be unexpected moments at the market.

Regards,

Analyst: Aleksandr Dunin