12.09.201815:23 Forex Analysis & Reviews: Wave analysis of EUR / USD for September 12. Wave 2 still has a chance of complicating the internal structure

Analysis of wave counting:

During the trades on Tuesday, the currency pair EUR / USD traded diversely, but by the end of the day, managed to add only 10 percentage points. Thus, the wave pattern of the instrument in comparison with the previous day practically did not change. Wave 2 can already be completed, and we observe the construction of the first internal waves in the future 3, and may take a more complex horizontal appearance. An unsuccessful attempt to break the 23.6% Fibonacci mark speaks in favor of the complication of this wave. An unstable fundamental background also allows for a more complicated corrective structure.

The objectives for the option with sales:

1.1517 - 50.0% of Fibonacci retracement

1.1465 - 61.8% of Fibonacci retracement

The objectives for the option with purchases:

1.1733 - 0.0% of Fibonacci retracement

General conclusions and trading recommendations:

The pair supposedly completed the construction of wave 2, a, but retains a good chance of its complication. If this is the case, then the pair can continue the decline, which will be limited to the levels of 1.1517 and 1.1465, which corresponds to 50.0% and 61.8% of Fibonacci. To sell a pair with these goals, I recommend extremely small volumes, since wave 2 does not imply a strong decline in quotations. The working option is the option with the development of an upward trend section.