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Eur/Usd Intra-day Review

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Sep 01 2010 06:58 EDT

Euro moved higher in the first part of the European session today, and broke through an important 1.2777 level, which puts now even higher levels in play. In fact, an impulsive upward move, wave C leg could be unfolding from 1.2625 zone, where wave B, sub-wave of a corrective wave 2)/B) found the lows. More strength is expected in the near future, at least towards the 1.2850 area.

Eur/Usd 1h chart




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