Wave counting analysis:
The trading session on Thursday, January 3, ended for EUR / USD with a 50 bp rise. Thus, there is reason to assume that wave c takes on a complex, 5-wave form. And its first two internal waves have already completed their construction. If this is true, then from its the current position, it will continue to increase the instrument with targets located near the level of 127.2% Fibonacci. At the same time, I warn you that the whole part of the trend, which takes its beginning on November 13, has a very non-standard look, and can acquire a more complex internal wave structure.
Sales targets:
1.1315 - 23.6% Fibonacci
1.1266 - 0.0% Fibonacci
Shopping goals:
1.1528 - 127.2% Fibonacci
1.1599 - 161.8% Fibonacci
General conclusions and trading recommendations:
The pair continues to build a wave and the entire portion of the trend, taking its beginning on November 13. Thus, now I recommend buying in small volumes (due to the ambiguity of the current wave marking) with targets located near the marks of 1.1528 and 1.1599. Also, I once again would like to pay attention to the correctional status of the trend section, which leads to frequent and strong internal correctional waves.
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