On February 24, the EUR/USD pair gained about 35 basis points and continued to move away from the previously reached lows. Thus, the assumed wave 3 or C has completed its construction with a high probability. If this is true, then at least one upward wave will be built now, possibly 4. Or a set of waves as part of a new upward trend. There are no signs of resuming the construction of the descending section yet.

On February 21, the EUR / USD pair gained about 60 basis points and began to move away from earlier lows after an unsuccessful attempt to break through the 127.2% Fibonacci level. So I guess the construction of wave 3 or C is already completed. If this is true, then the increase in quotes of the instrument will continue within the framework of either correctional wave 4 or a new upward set of waves.

On February 20, the EUR/USD pair lost 20 basis points and made an unsuccessful attempt to break the 127.2% Fibonacci level. Thus, it is still unclear whether the construction of the proposed wave 3 or C has been completed, or whether it will become even more complicated and continue its construction.

On February 19, the EUR/USD pair gained about 15 basis points, however, it did not affect the current wave markup in any way. Thus, the pair remains within the framework of building the expected downward wave 3 or C. At the moment, the instrument has made several unsuccessful attempts to break the 127.2% Fibonacci level, so this may mean that the markets are not ready for further sales of the European currency.

On February 18, the EUR / USD pair lost about 45 basis points and continues to build the proposed wave 3 or C, and inside of which, no correctional wave is visible. Quotes of the pair declined the day before to the level of 127.2% Fibonacci.