Wave analysis of EUR / USD for November 28. Ghostly chances of growth in the euro remain

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Wave counting analysis:

During the trading session on Tuesday, the EUR / USD pair lost 35 bp. Thus, the estimated wave 2 of the new uptrend of the trend continues its construction and takes a very long look. With each new decline in the pair, the chances of a downward stretch of the trend become more complex, and the entire wave picture will require additions. Nevertheless, an unsuccessful attempt to break through the level of 23.6% can lead to a departure of quotes from the lows reached and the construction of an upward wave 3.

Sales targets:

1.1215 - 0.0% Fibonacci

Shopping goals:

1.1500 - 100.0% Fibonacci

1.1577 - 127.2% Fibonacci

General conclusions and trading recommendations:

The pair remains until the construction of an upward set of waves. Thus, small and cautious purchases of a pair with targets located near the estimated marks of 1.1500 and 1.1577 are recommended, which corresponds to 100.0% and 127.2% Fibonacci. A break of 1.1282 (the last frontier) will lead to a new fall of the tool and further complication of wave 2, which may lead to the transformation of the entire wave marking into a more complex one.

The material has been provided by InstaForex Company - www.instaforex.com