FX.co ★ The EUR/USD wave analysis for December 09, 2010.

Yesterday the EUR/USD price returned to the boundaries of the downward corridor and continued slow movement along its upper border. We can suppose that this is the first waves’ formation of the future 5th wave of the whole down-trend which started on November, 04. At the same time for Euro there is still possibility that the wave situation of the correction structure which was formed after November, 01and possibly is its 4th wave can complicate.