Analysis of wave counting:
In the course of yesterday's trading, the EUR/USD pair made an unsuccessful attempt to resume the downward movement, and so it remained between the 1.1605-1.1655 marks until the end of the day. The resulting wave situation makes it possible to assume that the currency pair can complete the 2nd wave and go to the stage of formation of the third wave, in a, in a, in the future c, in (C). If this is so, the 2nd wave, in a,in a, in c, in (C) still does not take an even more complicated form, then the currency pair may have good prospects for lowering prices to the level of the 15th figure.
Targets for a downward wave option:
1,1556 - 76.4% by Fibonacci
1.1450 - 100.0% by Fibonacci
Targets for an upward wave option:
1.1650-1.1700
General conclusions and trading recommendations:
The construction of a new downward trend segment is continuing. It is now possible to resume the decline of quotations within wave 3, in a, in a, in, c, in (C) with targets located near the estimated marks of 1.1556 and 1.1450, which corresponds to 76.4% and 100.0% Fibonacci. Within the limits of the correctional wave 2, in a, in a, in c, in (C) (if the wave is not completed), the prices may continue to move away from the reached lows with targets located between the marks 1.1650 and 1.1700. The downward corridor preserves the prospects of constructing a downtrend section of the trend.
