Analysis of wave counting:
Yesterday's EUR / USD pair trades started with a downward movement and already reached the level of 1.1370 in the middle of the day. Thus, it seems that the currency pair confirms the transition to the stage of forming the first generating waves in the future wave (C) of the main downward trend. At the same time, the currency pair continues to retain the potential to resume the growth of quotations and further complicate the internal wave structure of the wave c, c, c, e, c, (B).
Objectives for a downward wave option:
1.1291 - 100.0% by Fibonacci
1.1184 - 76.4% by Fibonacci
Objectives for an upward wave option:
1.1570 - 161.8% by Fibonacci
General conclusions and trading recommendations:
The currency pair supposedly completed the wave (B). It is now possible to continue the decline in quotations within the first waves of the future wave (C), with the targets located near the calculated marks of 1.1291 and 1.1184, which equates to 100.0% and 76.4% by Fibonacci. The wave E and (B) can further complicate its internal wave structure with targets near 1.11570 (161.8% by Fibonacci) and above.
