20.09.201815:04 Forex Analysis & Reviews: Wave analysis of EUR / USD for September 20. The pair firmly settled about 17 figures

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Analysis of wave counting:

During the trades on Wednesday, the currency pair EUR / USD gained several points, which again does not clarify the current wave picture. For several days in a row, trades are near the level of 17 figures with a small amplitude. Thus, there is reason to believe that the pair remains in the stage of constructing an upward wave 3, a. A confirmation of the implementation of this option will be the breakthrough of the 0.0% Fibonacci mark. Reserve option is the complication of the trend section, which starts on August 28 with a decrease to 15 figures.

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 currency pair presumably remains in the stage of constructing wave 3, a, but the wave pattern does not clear up. The rise in quotations may continue within wave 3 with targets near the estimated mark of 1.1733, which corresponds to 0.0% of Fibonacci. A successful attempt to break this mark will confirm the pair's readiness for further growth and the correctness of the current wave counting, and in the execution of this option I recommend buying the pair again.

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