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  Symbol Bid Ask
EURUSD 1.2837 1.284
GBPUSD 1.5167 1.517
USDJPY 103.23 103.26
USDCHF 0.9725 0.9728
USDCAD 1.0279 1.0282
EURJPY 132.5 132.53
EURCHF 1.2481 1.2486
GBPJPY 156.5 156.57
GBPCHF 1.4749 1.4756
GOLD 1359.37 1359.97

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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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