Wave counting analysis:
No trades were held on Tuesday. The EUR / USD pair remained at the positions of the previous day. The current wave counting involves the construction of three waves correctional structure, which can already be completed. If this is true, the pair can resume the decline within the framework of the new downward trend section with targets located under the 12th figure from the current positions. A successful attempt to break through the level of 100.0% according to Fibonacci will lead to the complication of the trend segment, which takes its beginning on November 12.
Sales targets:
1.1215 - 0.0% Fibonacci
Shopping goals:
1.1471 - 100.0% Fibonacci
1.1528 - 127.2% Fibonacci
General conclusions and trading recommendations:
The pair has supposedly completed the construction of the wave with the entire upward trend section accordingly. If so, the decline in quotations will continue and I recommend cautious sales with targets located around 13 and 12 figures. A break of 1.1471 will indicate the readiness of the pair to complicate the uptrend and increase.
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