pair EURUSD - time period daily

So, the currency pair eur /usd is traded under the divergent triangle, which has transformed the 5th wave in a corrective wave. As we have noted, this wave is the wave Y in the global wave V.

At the moment Opinions were divided regarding the development of divergent triangle. So the optimists are beginning to consider this formation on 16 June, so now waiting for the final dash to the area of 1.46-1.47 points within doformirovaniya wave e. The maximum goals are the same paragraphs 1.48-1.52, if the wave of e will be extended, that often happens.

At the same time, the pessimists believe that the 4th wave ended with a July 8, with a wave of it was truncated. In the end, Bears consider this formation of 8 July, all 5-Th waves in it abcde has already been formed. Reduction of 5 August to 17 August is considered as the first stage of a new downward movement in the subsequent rebound as the 2nd wave, which can form a double top in the area of 1.4449 points. The final fracture of the upward trend after overcoming 1.379 points.

We are on the side of the pessimists and believe that March 2009 is a strategic buying of the dollar, which is confirmed by historical volumes. Since we believe that now is in the pair is the global wave B, which is a rebound, in this case, the puppeteers to get rid of the euro.

remind that global currency pair eur /usd to build a global upward 5-wave movement of the top, now the euro adjusts to his full height in the range of 1.01-1.13, representing 61.8-76.4% of all Fibonacci of growth.

In December 2008, was formed by a large wave A, which consisted of 5 waves /red numbers /and now comes in waves to the above objectives.

Now comes the formation of waves in view of the zigzag WXY, then begin the formation of waves with the global 2nd wave of successive goals 1.13-1.09-1.01-0.98-0.95 exchange points, so which of these scenarios do not materialize in the short term goal of the dollar in any case, the parity to the euro.

Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
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