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 revision of marking by anticipated additional events did not match any case stipulated in our previous weekly review and set forth in mid-week express review. The reasons of a revision are as follows: lack of bearish dynamics of rate decline at the week`s close and additional overload of [f]-structure as it was mentioned before.

The presented dynamics of Double Combination in [f]-wave helps find a decision in accordance with monthly optimization chart for the amplitude and time of [f]-wave formation. As for the structure of Double Combination, there is a positive sign in Waterfall effect development, where the key aspects of formation of Double Combination are close to key fibo levels, counted out of (A)-wave of the first pattern to (X)-wave. As for the second pattern in Double Combination, we should pay attention to close duration of segments, as a positive sign that NeoWave Diametric pattern should be in place.

Summarizing the abovementioned considerations, however, requiring additional confirmation of multiple break of (B)-(D) line typical for such situations, it is recommended to restrain from long-term buying positions for (D)-wave, however, sales with revision of the marking can be actual only in case, when the anticipated (E)-wave extends 161% amplitude of (D).

EUR/USD-MN1:

Work chart: