ForexPros Daily Analysis April 13, 2011
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Eur/Usd is still pushing higher very nicely, after the most recent corrective pull-back found the support around 1.4375, which was wave 4 of an extended wave 3). Since new highs were established we now have five waves up from 1.4150 region which means that gains will likely slow down in the next 24hours. However, wave 3) targets still could be meet around 1.4550, but this levels are just above, so generally speaking watch out for a corrective wave 4) reversal.
Forex Trading Analysis written by Gregor Horvat for ForexPros. For more information about technical analysis visit ForexPros.
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