Wave counting analysis:
In the course of trading on Friday, the EUR / USD currency pair fell by 60 basis points and broke through the support line. The most interesting thing is that the minimum of the assumed wave b has not yet been broken, so the probability of constructing wave c in the complicated version is preserved. Although, of course, the probability is now quite low. A successful attempt to break the wave b minimum will warn you of the readiness of the instrument to further decrease and will require adjustments to the current wave counting.
The objectives for the option with sales:
1.1215 - 0.0% of Fibonacci
The objectives for the option with purchases:
1.1471 - 100.0% of Fibonacci
1.1528 - 127.2% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to be in the framework of building an upward wave c. A break of 1.1266 will lead to a further decline with targets located near the estimated mark of 1.1215, which is equal to 0.0% Fibonacci and lower. The current wave counting is ambiguous and allows for both the construction of a wave c and the complication of a downward trend section. Thus, I recommend, first of all, to be careful when opening any transactions.
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