On January 3, the EUR / USD pair lost another 10 basis points as part of building a bearish wave, presumably y. If this assumption is correct, then the decline in quotations will continue with targets located near the 10th figure and below.

On January 2, the EUR/USD pair lost about 50 basis points, and another 45 on Friday, January 3. This will consequently move the trading instrument to the construction of the expected downward wave y. If that happens, the quotes will continue to decline to the goals located below the minimum of the wave w which is below the 61.8% Fibonacci.

On December 31, the EUR/USD pair increased by another 30 basis points, thus ending 2019 on a major note. However, the year 2020 begins with a decline, and the decline is highly anticipated. The current wave layout has been slightly transformed due to the last day of 2019, but it still assumes the construction of a downward wave.

On December 25, the EUR/USD currency market was closed, so there was no trading. The current wave marking, thus, remains the same. The euro-dollar instrument continues to be held between the levels of 50.0% and 61.8% by Fibonacci, and although it retains excellent chances of continuing the fall within the new downward trend section, however, during the New Year and Christmas holidays, the execution of the working version can be put on pause.

On December 26, the EUR / USD pair increased by 10 basis points, but then already gained almost 40 on Friday night and morning. Are the markets recovering their previous holiday activity?