Analysis of wave counting:
Having started the yesterday's trading with the upward movement, the currency pair EUR / USD could not develop the emerging success and rolled back to 60 percentage points from the maximum reached at 1.2445 in the second half of the day. At the same time, it can be assumed that the currency pair made another attempt to complete the formation of the slightly oblong wave b, B, (C). If this is the case, then from the high of the past day, or after the price rises to the level of the 25th figure, the currency pair will resume the decline of quotes and mark the beginning of the future wave c, B, (C). At the same time, as noted earlier, the probability of forming the wave 4, 5, A, (C) is still preserved in the form of a rather complex correction triangle.
The objectives for building a downward wave:
1.2200 - 1.2100
The objectives for building an upward wave:
1.2400
1.2537 - 261.8% of Fibonacci
1.2600
General conclusions and trading recommendations:
The wave counting on the instrument becomes more complicated. The increase in quotes may continue within the expected wave b, B, (C) with targets slightly above the 24th figure, after which the current wave counting allows a resumption of the decline within the wave c, B, (C) or even more complicated wave 4, 5, A, (C) with goals below 22 figures.
