FX.co ★ EUR/USD wave analysis for February 16, 2011

The EUR/USD currency pair has made an attempt to complete formation of inner wave structure of the estimated с wave, developing in the range of the current downside correction. At the same time, there is no certainty that the price will be able to form a reverse since there is a possibility of this wave getting more complex and continuing in the direction of the correction level 50.0% located near the 1.3370 level.