The wave marking of the EUR / USD instrument still looks quite convincing and has not changed at all recently. The main option remains to increase quotes from the current levels within the framework of building wave 5 with goals located above the maximum of the expected wave 3 or C. This means that the instrument will increase to at least 20 figures and most likely even higher. Wave 5 has already taken a rather complex form, since its internal wave structure is not similar to the standard pulse one.
The smaller-scale wave marking still shows that the intended wave 4 has assumed a three-wave form and is complete. If this is true, then the price increase will continue within the 3-in-5 wave. However, the slow in quotations suggests that the entire structure of the upward set of waves will be three-wave. In this case, the entire wave pattern after September 1 will take a more complex and ambiguous form and the movement of the instrument will most likely take place in three-wave structures.
European countries continue to set measures for the number of cases of COVID-2019. The number of cases is growing almost every day. The situation is most acute in France and Great Britain. In just one day, more than 200,000 new cases were recorded in all European countries. However, the situation is no better in America. Let me remind you that as such, the second wave in the United States has not even happened yet. Since March, the first wave continues and is still gaining momentum. In total, more than 8 million cases of the disease have already been recorded in America, and in recent days, the number of new infections has again begun to approach the maximum recorded in July of about 80 thousand per day. Thus, we can say that the situation with COVID is complicated everywhere.
Tonight, a debate between Donald trump and Joe Biden took place in the United States. It is the last round of presidential debates. The election is 10 days away. According to most experts, Joe Biden also won in the last round. One of the questions was about COVID-19 and Trump again began to say that the situation with the epidemic is exaggerated and you should not be afraid of the virus. He himself had it. However, the 223,000 Americans who have died from complications caused by the Coronavirus are unlikely to agree with the President. His democratic opponent was widely seen as taking the pandemic more seriously and warned that the country should prepare for an escalation this winter. Thus, all Trump's promises to create a Coronavirus vaccine "before the election"," before the end of October"," before the end of 2020", as usual, remained as empty promises. After the final stage of the debate, the political ratings of both candidates are unlikely to have changed.
General conclusions and recommendations:
The Euro-Dollar Pair is expected to continue building a 3-in-5 wave. At this time, I still recommend buying a tool with targets located near the estimated 1.2012 mark (which corresponds to 0.0% Fibonacci) for each MACD signal up, in the expectation of building an upward wave. The variant with a possible complication of the internal wave structure of wave 4 has not yet been confirmed, but a further decline in quotations may lead to a more complex wave pattern.
