FX.co ★ EUR/USD wave analysis for March 4, 2011

The EUR/USD currency pair continued upside movement and gained over 1 figure by the end of the day. The complexity of the wave situation and several alternate waves suppose a possibility of the uptrend to be continued in the direction of the levels located near the 42 figure. If so, at the moment we are observing the development of the 3rd wave (in the C).