13.12.201809:52 Forex Analysis & Reviews: Wave analysis of EUR / USD for December 13. The wave c is much more complicated and takes a non-standard form.

During the Wednesday trading, the EUR / USD currency pair gained about 50 basis points and, thus, continues to remain within the framework of the construction of the supposed wave c from the corrective trend section. The 23.6% of the Fibonacci level remains very important for the instrument and the current wave marking. The third unsuccessful attempt to break through this level retains the pair's chances of building a wave c. A break of 23.6% will lead to the completion of wave c and the resumption of the construction of the downward trend.

The objectives for the option with sales:

1.1215 - 0.0% of Fibonacci

The objectives for the option with purchases:

1.1471 - 100.0% of Fibonacci

1.1528 - 127.2% of Fibonacci

General conclusions and trading recommendations:

The currency pair continues to be in the framework of building an upward wave c. A successful attempt to break through the mark of 1.1315 will lead to the resumption of reduction of quotations with targets located near the estimated mark of 1.1215, which corresponds to 0.0% of Fibonacci, and lower. Therefore, I recommend selling no earlier than this breakthrough. You can buy a pair only in the short term until a successful attempt to break through the level of 1.1315 is made.