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Euro found the support just below 1.3020 wave A region, where wave C cleared out the stops as excepted, before market reversed higher.

A reversal was just perfect, a clear impulse which its definitely a type of a price action that indicates an uptrend continuation.

As such, we believe that wave B) expanded flat in now finished and that wave C) of (2) is now underway, above 1.3320 Feb highs.  EUR/USD Elliott Wave Analysis February 17 2012

Guest post by Gregor Horvat

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Also, check out the Video from yesterday in which we covered Eur/Usd, Usd/Chf, Aud/Usd, Usd/Cad & S&P500: