FX.co ★ Wave analysis of EUR / USD for November 19. Downward stretch can be complicated

Wave counting analysis:In the course of trading on Friday, the EUR / USD currency pair added about 85 basis points more and thus continues the construction of the proposed first wave of the uptrend of the trend. In the near future, the construction of a correctional wave 2 may begin. If this is indeed the case, then an unsuccessful attempt to break through the 76.4% of the Fibonacci level may lead to a departure of quotes from the reached maximums. There is also an option with the complication of the downward trend, starting from September 24.The objectives for the option with sales:1.1215 - 0.0% of FibonacciThe objectives for the option with purchases:1.1432 - 76.4% of Fibonacci1.1500 - 100.0% of FibonacciGeneral conclusions and trading recommendations:The currency pair continues to build an upward wave, presumably the first in the uptrend trend. However, the size of this wave is already almost 76.4%, so in the near future, it is possible to build a correctional wave, and I recommend going out of the purchases. There are no grounds for selling the pair yet, although the news background may again start creating pressure on the euro.