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  Symbol Bid Ask
EURUSD 1.2959 1.2962
GBPUSD 1.5122 1.5125
USDJPY 101.32 101.35
USDCHF 0.9615 0.9618
USDCAD 1.0339 1.0342
EURJPY 131.32 131.35
EURCHF 1.2461 1.2464
GBPJPY 153.18 153.25
GBPCHF 1.4539 1.4546
GOLD 1386.94 1387.54

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EUR/USD wave analysis for May 17, 2011 2011-05-17


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Despite the fact that yesterday the EUR/USD currency pair could not continue the downside movement and moved two figures away from the reached lows, the whole estimated 3rd wave (or C) does not look complete at the moment. If so, the price should form the 5th wave in this 3rd (or C). At the same time, a possible target of such decline might be the correction level 61.8% that coincides with the 40 figure level.

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Performed by Alexander Dneprovskiy, Analytical expert
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