FX.co ★ EUR/USD wave analysis. Week review

During the last week the EUR/USD continued upside movement and approached the 45 figure level by Friday. At the same time, given passed 1.4420 level makes the general wave structure quite complicated and leaves a chance of trend continuing in favour of the euro. Given this, we might suppose that the whole week the price was moving in the range of the 3rd wave, in the 3rd (3rd or C). If so, the first estimated target for this 3rd wave in the 3rd is probably the 47 figure level.