ANALYSIS

W1

On the daily chart of the pair a version of marking of the alternative waves "{d} or {iv}" with basic cycle of optimization of market data in one week is presented.

The events of the previous week including renewal of yearly minimums are treated as events within the frames of termination of Diametric pattern where our current marking including daily data optimization marking stipulated in mid-week express review remains preferable.

As mentioned before, the main sign of (G)-wave is weakness in bearish trend as compared to other segments of the pattern. At this point, (G)-wave amplitude remains at the edge value to keep Diametric view, however, time of formation of this segment favors this pattern.

Summarizing the abovementioned considerations, we are still favoring planning of long positions, however, only when wave structure on the daily data optimization chart is confirmed.

EUR/USD-MN1:

Work chart: