On February 4, the EUR/USD pair fell by 15 basis points and thus continues to build the expected wave b as part of a new upward trend, most likely also a three-wave section of the trend. If this assumption is correct, then today or tomorrow, I expect the instrument's quotes to resume rising within wave C. A successful attempt to break through the minimum of wave Y will show the market's readiness to sell euro currencies further, and will also complicate the downward section of the trend that begins on December 31.

On February 2, the EUR / USD pair fell by 35 basis points and thus began the construction of the proposed correctional wave as part of the future upward trend section. If this is indeed the case and the downward trend section is fully equipped, then in the near future the quotation of the instrument will resume resuming within the framework of the expected wave s.

On January 31, the EUR/USD pair added about 60 base points and continued, therefore, the quotes moved away from previously reached lows as part of building a new upward wave structure. The supposed wave Y is completed, as well as the entire bearish section of the trend, originating on December 31.

On January 30, the EUR/USD pair added about 20 basis points and thus continues to move quotes away from the previously reached lows. The assumed wave Y is considered complete, and if this assumption is correct, the increase in quotes will continue as part of the construction of a new upward trend section.

On January 29, the EUR/USD pair lost about 12 basis points and started moving away from the previously reached lows. Thus, there are reasons to assume the completion of the wave y construction. If this is true, then the tool will start building an upward set of waves from the current positions, consisting of at least three waves.