Wave counting analysis:In the course of trading on Thursday, the EUR / USD currency pair added another 20 basis points more and thus continues the construction of the proposed first wave of a new uptrend trend. If this assumption is true, then the increase in quotations will continue with targets located around 14 and 15 figures. An unsuccessful attempt to break through the level of 23.6% on the older Fibonacci grid could throw the pair down and even lead to the complication of the downward trend, starting from September 24.The objectives for the option with sales:1.1215 - 0.0% of FibonacciThe objectives for the option with purchases:1.1356 - 23.6% of Fibonacci (senior grid)1.1390 - 61.8% of Fibonacci1.1432 - 76.4% of FibonacciGeneral conclusions and trading recommendations:The currency pair allegedly completed the construction of the downward trend. Thus, now I still recommend buying the pair in small volumes with targets located at estimated levels of 1.1356, 1.1390 and 1.1432. An unsuccessful attempt to break through 1.1356 may lead to a resumption of the construction of a downward trend. But it's still early to return to sales.
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