It’s possible to observe the almost completed structure at the hourly chart with the potential target at 91.70. The start of the retracement cycle into the sector of the rate of 88.50 is presupposed thereupon.



   Considering H4 histogram it’s possible to identify the statistic self-similarity of the initial waves of the structure given before. In this instance the development of the self-affined structure will probably take its place where the parts will be like to the entire. Drawing a parallel it’s possible to determine more long-termed movement vector which is marked out at the chart given below.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst