Analysis of wave counting:
Yesterday's EUR/USD pair trades began with the expected downward movement and, having lost more than 100 percentage points from the Asian session high, finished the day by testing the level of the 18th figure. At the same time, it can be assumed that the currency pair remained in the stage of formation of the near wave c, in a, in c, in a, in (C), whose estimated targets are possibly in the 1.1750 area. At the same time, a fairly strong divergence of MACD_aka indicates the possibility of a currency pair's renewal of the growth of quotations, with the prospect of a significant complication of the internal wave structure of wave b, in a, in (C).
Targets for a downward wave option:
1.1792 - 50.0% by Fibonacci
1.1736 - 38.2% by Fibonacci
Targets for an upward wave option:
1.1946 - 76.4% by Fibonacci
1.2000
General conclusions and trading recommendations:
The construction of the downward trend section continues. The assumed wave b, in a, in (C) has completed its construction. If this assumption is correct, then the decline in quotations will continue with the targets located near the estimated marks of 1.1792 and 1.1736, which corresponds to 50.0% and 38.2% Fibonacci within the assumed wave a, in c, in a, in (C), and below.