Wave counting analysis:
EUR / USD added 30 bp during the trading on Monday. Thus, there are reasons to assume the completion of the construction of wave 2 while 3 new upward trend sections in the future. If this is true, then the increase in quotations will continue with targets located near the levels of 100.0% and 127.2% on the small Fibonacci grid. As we all know before, the tool retains the chances of complicating the downward portion of the trend, which will start on September 24.
Sales targets:
1.1215 - 0.0% Fibonacci
Shopping goals:
1.1471 - 100.0% Fibonacci
1.1528 - 127.2% Fibonacci
General conclusions and trading recommendations:
The pair continues to be in the framework of the uptrend of the trend. Thus, I recommend buying a pair with targets located near the estimated marks of 1.1471 and 1.1528, which corresponds to 100.0% and 127.2% in Fibonacci. I also recommend to return to sales no earlier successful attempt to break through the minimum of the supposed wave 2.
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