Wave analysis

Obviously, for Euro, there comes «the true moment». Apparently in drawing, the five-wave structure in a correctional wave C, or in a wave 3, is completely generated. But confidently to say that 19.08.08 formation has ended C, we cannot since correction level of 38.2 %, and the price will not reach and remained between correctional marks of Fibo: 23,6 and 38,2 %%. The market is defined. The matter is that if the pair will designate three-wave there will be a high probability of a new easing dollar coil. If the price overcomes a minimum 1.4624 absolutely other scenario connected with a long finding of Euro in a correctional phase probably will start to be shown. Actually, the come week should answer on a question: - … that further?

Operating levels for today:

R3 1.4995
R2 1.4945
R1 1.4860
P 1.4810
S1 1.4730
S2 1.4675
S3 1.4595

After opening of the auctions, the price has quickly overcome the first level of support. Therefore, it is difficult to recommend something …

However we wish to notice that the purposes noted on Friday for trend end remain and today. The initial purpose 1,4565 and further it is possible to 1,4355. Stop not above 1,4895.