On February 10, the EUR/USD pair lost another 35 basis points and thus continues to build the expected downward wave 3 or C. The first wave inside 3 or C turns out to be very long. If waves 3 and 5 are proportional to it, then the entire wave 3 or C will also turn out to be very long. An unsuccessful attempt to break through the 76.4% Fibonacci level can lead to an internal correction of wave 3 or C.

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.