Wega Trade



Wave analysis
 









Wave analysis

26 august, 10:55
Wave analysis of the forex market. Euro/dollar



For expired days, the situation in the market has not changed. The wave marking remains. Similar that the pair can take place the reached 10.08.08 minimum and will generate five-wave structure. We ask to pay attention that today reports of FRS session late at night will be published, and on Thursday there is data under gross national product of the USA for II quarter. All it, certainly, will make essential impact on end of wave structure formation.

Operating levels for today:

R3 1.4895
R2 1.4850
R1 1.4785
P 1.4745
S1 1.4675
S2 1.4635
S3 1.4565

Since in short-term prospect, we prefer descending movement of the Euro price specified by us yesterday and on Friday of the purpose remain. Initial - 1,4565 and further it is possible to 1,4355. Stop, today - not above 1,4815.

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