Analysis of wave counting:

In conditions of low trading activity demonstrated in yesterday's session, the EUR/USD pair continued its slow decline and reached the level of 1.1755 during the second half of the day. In this case, it seems that the currency pair confirmed the transition to the formation stage where the correction structure is being reduced in the proposed wave b, in c, and in ( C ). If so, the currency pair retained the potential to lower quotations to the level of the 17th figure, although, this will be in a more complex downward trajectory.

Objectives for building a downward wave:

1.1743 - 38.2% by Fibonacci

1,1706 - 50,0% by Fibonacci

Goals for building an upward wave:

1,1853 - 423.6% by Fibonacci

General conclusions and trading recommendations: