FX.co ★ Wave analysis of EUR / USD for August 30. The pair cannot go to wave 2 in any way

Analysis of wave counting:

During the trades on Wednesday, the currency pair EUR / USD added about 10 percentage points more. The growth of the European currency is slowing down, and for several days in a row, the completion of the construction of the supposed first wave in the future a is expected. Thus, from the current positions, the pair can still start building a correction wave 2 with targets located about 15 and 16 figures. The entire wave a can take a very long form, given the size of its first wave. An unsuccessful attempt to break the 100.0% Fibonacci mark can lead to the withdrawal of quotations from the maximum reached.

The objectives for the option with sales:

1.1301 - 0.0% of Fibonacci

The objectives for the option with purchases:

1.1747 - 100.0% of Fibonacci

1.1868 - 127.2% of Fibonacci

General conclusions and trading recommendations:

The pair remains in the stage of readiness to complete wave 1, a. So, today I still recommend fixing the profit on purchases, as I expect to start building a correction wave 2. I do not recommend selling the pair within wave 2, since the wave can turn out to be small, and the trend section is upward. Near the lows of the proposed wave 2, I recommend buying a pair or building up already open purchases with the expectation of building wave 3, but with goals that are about 19 and 20 figures.