On January 23, the EUR / USD pair lost about 40 basis points. Thus, the construction of the alleged wave Y as part of the bearish trend section, continues with the targets located near the levels of 76.4% and 100.0% Fibonacci.

On January 21, the EUR / USD pair lost about 15 basis points and made an unsuccessful attempt to break through the 38.2% Fibonacci level. Thus, the instrument remained within the framework of constructing the proposed wave Y as part of the downward trend section, which currently assumes a 3-waveform.

On January 20, the EUR / USD pair gained several basis points, however, such a small increase in the instrument did not in any way affect the current wave marking. Thus, the euro / dollar instrument remains in the framework of creating a downward 3-wave structure, in the wake of the Y.

On January 17, the EUR/USD pair lost about 45 basis points and thus continues to build a new downward wave, which is identified in the current complex wave markup as Y. The current set of waves is likely to consist of 3 down waves. Recently, the euro-dollar instrument has been moving mainly in three-wave structures. If this is true, then the decline in quotes will continue with targets located near 61.8% and 76.4% of Fibonacci.