Analysis of wave counting:
It looks like the currency market turns into the Christmas-New Year trading mode, and therefore the whole day trading of the EUR/USD pair held within a fairly narrow range, with a maximum amplitude of price changes of 40 pp. In this case, it can be assumed that the currency pair will remain in the formation stage, retaining some elements of the wave (c) incompleteness, in b, in c, in a, in (C). If this is the case, the currency pair can resume the upward movement in the direction of the mark of 1.1920-1.1930 before designating the beginning of the future wave c, in c, in a, in ( C).
Objectives for building a downward wave:
1.1736 - 38.2% by Fibonacci
1.1666 - 23.6% Fibonacci retracement
Goals for building an upward wave:
1,1900
1,1918 - 11.4% Fibonacci retracement
General conclusions and trading recommendations:
The construction of the downward trend section continues. The assumed wave b, in c, in a, in (C) continues its construction. If this assumption is correct, the quotes increase will continue with the targets around 19 figures and the mark of 1.1918. After which, the decline in quotations may resume with the targets located near the calculated marks of 1.1736 and 1.1666, which corresponds to 38.2% and 23.6% Fibonacci, and lower. The divergence of MACD warns about the readiness of the instrument to downgrade.