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 last week with rate dynamic break above 1,48 and its dynamic return at the beginning of the week in the current situation was the minimal holdfast that could begin the process of approaching to the possible structure of (5)-wave of Terminal Impulsion.

The represented variant of (5)-wave formation according to the type of NeoWave Diametric pattern at the moment does not clarify in no way whether Terminal Impulsion is mentioned as a pattern with elongated third wave or it is a pattern with elongated fifth one. In this meaning Diametric is considered as a standard Correction pattern which can be both as a whole structure of Terminal (5)-wave and the first pattern of Elaborate Correction with (x)-wave making part of (5)-wave structure.Having resumed the above-mentioned observations it is logical to suppose further rate fall in the direction of trend line (2)-(4), but short-term sales will have certain risk degree because (d)-wave completion can happen both in (d)-wave range and below it.

EUR/USD-W1:

Work chart: