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 did not confirm anticipation of (F)-wave development of NeoWave Diametric pattern, therefore, the basic prospects of the anticipated development, set earlier in the express-review, remain unchanged, however, with certain amendments. Namely,

- period of formation of (F)-wave Diametric should not extend the period of formation of unidirectional (D)-wave.

- (G)-wave durance should be less predicted as it may become the longest segment of the pattern, however, shorter than (E)-wave.

- considering principles of Double Combination formation, there is risk of numerous breaks of channel line drawn between termination of (B)-wave of the first pattern of Double Combination and (D)-Diametric in the process of formation of its (F) and (G) segments.

- (F)-wave should possibly terminate below (B)-(D) Diametric line. In this case only clarification of trend line of the pattern is needed.

Drawing a conclusion, it is logical to plan short-term buying positions, and in case when numerous breaks of channel line of Double Combination are confirmed, planning of long positions with the targets of 1,425 is recommended.

EUR/USD-MN1:

Work chart: