It is in ternary form.

• A [a (measures 1-8) + a1 (measures 9-16)]
• B [b (measures 17-24) + b1 (measures 25-32)]

The ternary form is achieved by returning to A via a Da Capo.

The main key is E minor. In the B section, it modulates to the parallel key E minor.

The key is C major. It is structured with a Spanish dance-like rhythm. Beyond its characteristic rhythm, for instance, the melody in measure 1 features a melodic line that adds the 6th degree to the chord tones of the tonic triad (I). In measure 2, the leading tone F# descends instead of ascending to the tonic, imparting an ethnic (folk-like) nuance. In measure 21, there is a B-flat in the left hand; harmonically, if considered as A-sharp (enharmonically equivalent), it can be interpreted as an augmented sixth chord of the double dominant (with a lowered 5th degree) in E minor.