27.02.201809:58 Forex Analysis & Reviews: Wave analysis of the EUR / USD currency pair for February 27, 2018

Analysis of wave counting:

Having started the yesterday's trading with the upward movement, the currency pair EUR / USD, however, failed to develop the emerging success and returned to the area of 1.2280 in the second half of the day. The resulting wave situation allows us to assume that the currency pair can significantly complicate the internal wave structure of the wave 4, 5, A, (C), remaining within the lowering part of the trend, which starts from the high of February 16. At the same time, the likelihood of the resumption of the growth of quotations and the transition of the currency pair to the stage of formation of the future wave 3, 5, 5, A, (C), has not lost its relevance.

The objectives for building a downward wave:

1,2287 - 76.4% of Fibonacci

1.2200

The objectives for building an upward wave:

1.2600 - 1.2700

General conclusions and trading recommendations:

The construction of an upward wave A, (C), continues, whose internal marking continues to become more complicated. The increase in quotations may resume within wave 3, 5, 5, A, (C) with targets around 26 figures, if the correctional wave 2 actually completed its construction near the estimated level of 1.2287, which corresponds to 76.4 % of Fibonacci, as well as wave 4, 5, A, (C).