Wave analysis of EUR / USD for November 26. The pair is preparing for a new rising wave

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Wave counting analysis:

During the Friday trading, the EUR / USD currency pair lost about 70 basis points. Thus, the estimated wave 2 of the new upward trend section received a three-wave view. If the current wave counting is correct, then from the current positions the pair will resume growth within wave 3 with targets located near the calculated mark of 100.0% Fibonacci. The unsuccessful attempt to break through the level of 38.2% also warns of the readiness of the instrument to increase.

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 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 the mark of 1.1324 will most likely lead to the complication of the entire downward stretch of the trend, originating from September 24, and will require adjustments.

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