08.06.201810:12 Forex Analysis & Reviews: Wave analysis of EUR/USD for June 8. It is possible to complete wave 1

Analysis of wave counting:

During the trades on Thursday, the EUR/USD pair added about 60 basis points from the day's low. and reached the estimated mark of 1.1835, which corresponds to 200.0% of Fibonacci. A mark of 61.8% on Fibonacci could not hold the pair around. Thus, there are two conclusions. First, the construction of the ascending set of waves will continue after the construction of the correctional wave, presumably 2, at 1, at 3. The second is the current upward wave impulse, and not corrective in the composition of the more complex wave 5, in c, in 2. Thus, there are good prospects for further recovery.

Targets for selling:

1.1675 - 50.0% by Fibonacci

1.1637 - 61.8% by Fibonacci

Targets for buying:

1.1835 - 200.0% of the Fibonacci of the highest order

1,2070 - 161,8% of the Fibonacci of the highest order

General conclusions and trading recommendations:

The EUR/USD currency pair supposedly completed the construction of wave 1, at 1, near the mark of 1,1835. If this assumption is correct, then now the pair can start withdrawing quotations from the reached highs with the targets of 1.1675 and 1.1637 within wave 2, at 1. This movement can be worked out in small volumes. After the completion of this wave, I expect the resumption of the upgrade with targets above 18 figures.