Analysis of wave counting:
In the conditions of low activity of yesterday's trades, the pair EUR / USD held within the very narrow range, with a maximum amplitude of price change of less than 40 pp. It can be assumed that after completing the formation of the wave c, c, a, (C), the currency pair made an attempt to designate the beginning of the wave b, (C). If this is so, the internal wave structure of the entire wave c, a, (C) will not take an even more complex form, then the currency pair may have good prospects for the growth of quotations, at least to the level of the 19th figure.
The objectives for building a downward wave:
1.1664 - 200.0% of Fibonacci
1.1600
The objectives for the construction of an upward wave:
1.1788 - 127.2% of Fibonacci
1.1850 - 1.1900
General conclusions and trading recommendations:
The construction continues a new downward trend segment. Now, it is possible to continue the decline in quotes within the wave c, c, a, (C) with targets located near the estimated mark of 1.1664, which corresponds to 200.0% of Fibonacci and lower about 16 figures. In the context of the upward wave b, (C), the quotations can be retreated from the reached lows with the targets of about 19 figures.
