FX.co ★ EUR/USD wave analysis for March 8, 2011

Amid the news about Greece’s rating being lowered again the EUR/USD indicated its intention to decline in the range of the estimated 4th wave in the 3rd (in the C). At the same time we should not exclude the possibility of this 3rd to become more complicated. However, targets for the 3rd wave (in the C) located near the 1.4100 level are still timely.