FX.co ★ EUR/USD wave analysis for May 25, 2011

In general, as expected, the EUR/USD currency pair started to move upwards slowly after it failed to break the 40 figure level. At the same time, given the correction scenario of the wave situation after May 16, current growth of the euro price is limited by the c wave (in the B). If so, the indicated upside movement might develop in the direction of the 1.4200 level.