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

Friday’s highly volatile EUR/USD trading allowed the price to fluctuate two figures between the daily high and low. At the same time, in relation with testing of the 1.4250 level, current wave situation leaves a chance for the euro to advance to 1.4320 – 1.4350 in the range of the 5th wave, in the 5th (in the 3rd) of the whole uptrend section developed after February 22.