W1

On the daily chart of the pair a version of marking of the second and last figure of Double Combination (of December 23, 3007) included into development of «{ñ} or {iii}» wave with basic cycle of optimization of market data in one week is presented.

The events of previous week continue to support the version of formation of NeoWave Diametric Formation presented for the first time in express review of July 02, 2008.I have also marked that Diametric is very difficult for timely revelation and further forecasting. Hence evaluating the general picture of wave development all formations related to figure’s including to working marking is induced because I could not find better or more standard interpretation of current situation. As a result the criteria of formation and completion of Diametric are only intuitive suppositions. And in this case a possibility of delusion in the marking is very high that should be taken into account for planning of short-term trading operations.Nevertheless evaluating the structure of [g]-wave which is not clear now it is logically to presume that this wave can have the same type of formation as NeoWave Neutral Triangle has where (C)-wave is still not completed but is very close to do this. In this case after break of April top it is logically to expect low dynamic of (D)-wave below 1.56. Only in this case we may have more exact forecasting of maximum development level of (E)-wave with [g] and [C] waves of higher degree.

Having resumed the above observations as before we do not have decisive arguments in favor of close completion of [g]-wave. But according to the dynamic of rate fall from July 03, 2008 and its rise till completion of previous week I think that bullish potential of the market concerning further considerable rate rise is very disputable.

EURUSD/W1:

Work Chart:

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