Analysis for October 23rd, 2012
We may assume that the pair is forming an ascending trend in the form of a large (double) zigzag [Y]
We may assume that an ascending wave (A) of [Y]
is taking the form of an impulse. And right now the price is completing an impulse 3 of (A)
with diagonal triangle [v]of 3 of (A)
It looks like the price is completing an impulse 3
with an ascending diagonal triangle [v] of 3.
We may assume that the pair is forming an ascending trend in the form of a possible impulse [с] of B
If our assumption about an ascending impulse [c] of B
is correct, then an impulse (iii) of [c] of B
may be considered almost completed.
It looks like a descending correction (iv) of [c]
is taking the form of triple zigzag
and may be finished very soon.
We may assume that a descending trend inside wave (5)
may take the form of (double) zigzag.
We can’t exclude a possibility that the price is forming a descending impulse A of (5)
, and an impulse [iii] of A of (5)
may be completed very soon.
We may assume that the price is finishing an impulse [iii]
with a descending diagonal triangle (v) of [iii].
We may assume that the price is completing a large horizontal correction  of V.
if this assumption is correct, later we can expect the pair to continue falling down and form a final wave  of V.
A new chart structure implies that the price is completing a correction 
with zigzag (E) of 
It looks like that the pair is finishing a final zigzag A-B-C of (E) of 
of a correction 
RoboForex Analytical Department