Last week for the European currency has turned bearish. From Tuesday the euro began to fall from 1.4547 captured positions, and by Friday the price reached the level of 1.4180. The fall amounted to little more than 350 points. In principle, the correction was expected, but the truth is, we expected no less rapid decline. To date, the reduction of the wave structure is formed and it is not over. The fall can be marked up, as a double zigzag and momentum as unfinished. Based on these thoughts, at this stage there are two options that have an equivalent effect and are exercisable price. The basic version will be considered a variant with the formation of waves zahodnye 1-2-1-2. This script and was a major recall, is the formation of the fifth wave, which is already generated the first and second waves, and already have the first wave in the third. This version has a critical level of 1.4050.
The second option is the formation of a pulse in the wave C, ABC flat correction in the second wave. This version of the critical level of 1.3838. Violating and this level, assumptions about the beginning of the fifth wave will fail in this case will need to revise the markup 4th wave, and possibly the entire layout of the growth of 1.1880.
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