On February 7, the EUR/USD pair lost another 35 basis points. Thus, the previous wave layout (which assumes the construction of a three-wave structure up) was canceled. The new wave layout assumes the construction of a 3 or even 5-wave downward section of the trend.

On February 6, the EUR/USD pair lost another 15 basis points and thus, continued the construction of the downward wave, which is still identified as b despite reaching a minimum of wave Y. However, an increase in instrument quotes is required today in order for the current wave marking to maintain its integrity.

On February 5, the EUR/USD pair lost another 45 basis points and thus continued building the expected wave b as part of a new upward trend. Due to yesterday's decline, this wave b has acquired a very deep form and even called into question the further construction of the ascending set of waves.

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.