FX.co ★ Wave analysis of EUR / USD for May 28. The euro gets the opportunity to grow.

Analysis of wave counting:

During the Friday's trading, the currency pair EUR / USD ended with the development of the calculated mark of 1.1649, which is called the point-to-point. The dynamic withdrawal of quotations from the minimum reached again allows us to assume the completion of the construction of wave 5, c, 2 downtrend sections of the trend. If this is true, then the increase in quotations will continue within the framework of the construction of the first waves of the future wave 3 of the global upward trend segment. A breakthrough of the mark of 1.1650 will lead to an even more complicated wave 5.

The objectives for the option with sales:

1.1649 - 200.0% of Fibonacci

1.1636 - 261.8% of the Fibonacci of the highest order

1.1542 - 261.8% of Fibonacci

The objectives for the option with purchases:

1.1835 - 200.0% of the Fibonacci of the highest order

General conclusions and trading recommendations:

The currency pair EUR / USD supposedly completed the construction of wave 5, c. Now, I recommend forming cautious pair purchases with the first targets, which are about 1.1835, which corresponds to 200.0% of Fibonacci, counting on the construction of wave 3. A successful attempt to reach the mark of 1.1650 will return the instrument to the construction of the descending section of the trend and its wave 5, c with the objectives of about 1.1542, which is equivalent to 261.8% of Fibonacci.