Yesterday the EUR/USD currency pair stayed within a quite narrow price corridor near the level of the 32 figure. At the same time, given the wave situation developed by the end of the session it can be assumed that the formation of a five-wave structure of the new downward section 1st wave is completed. If so, yesterday’s movement in the sideways corridor probably took place within the 2nd wave. After it’s completed we can suppose that the quote will decline further in the direction of November 30’s low (1.2970).
