Wave counting analysis:
In the course of trading on Thursday, the EUR / USD currency pair gained another 20 basis points, so the current wave pattern has not changed again. It is still assumed that the correctional wave 2 of the new upward trend section has completed its construction. If this is true, then today the quotations continued to increase within wave 3 with targets above the 15th figure. Difficulties the pair adds a lack of positive news for the euro background. Without it, the pair moves up quite difficult and slow.
The objectives for the option with sales:
1.1215 - 0.0% of Fibonacci
The objectives for the option with purchases:
1.1500 - 100.0% of Fibonacci
1.1577 - 127.2% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build an upward set of waves. Thus, now I recommend buying a pair with targets located near the estimated marks of 1.1500 and 1.1577, which corresponds to 100.0% and 127.2% in Fibonacci. A successful attempt to break through the maximum of the supposed wave 4 will confirm readiness for further growth of the instrument.
