On March 12, the EUR / USD pair lost only 90 basis points. "Just" because the total amplitude of the instrument was almost 300 points over the past day. The instrument declined to the 61.8% Fibonacci level, made an unsuccessful break down attempt and now shows signs of readiness to build a new upward wave.

On March 11, the EUR/USD pair lost about 30 more base points, and during today – another 100. Thus, based on the wave analysis, the instrument moved to the construction of a descending wave 2 as part of the upward trend section.

On March 10, the EUR / USD pair lost about 160 basis points. Thus, there are more and more reasons to assume the completion of the construction of the upward wave 1 and the transition of the instrument to the construction of the correctional wave 2.

On March 9, the EUR/USD pair skyrocketed by 170 pips taking into account an early gap. This surge is a vivid example of what is going on in the market. Usually, the euro trades in a daily range of 40-60 pips. However, at the moment, the price movement reaches 100 pips on a daily basis.

On March 6, the EUR/USD pair gained just 40 base points. However, Monday opened with a gap of another 70 points up and during the first day of the week, the euro has already managed to gain about 70 points. Thus, the uncontrolled increase in the euro-dollar instrument continues, and now, it is very difficult to imagine when it will end and what can stop it.