On May 13, the EUR / USD pair lost about 40 basis points. Thus, the construction of the alleged wave 3 in C in B continues to drag out. The current wave marking is so far unambiguous and involves the construction of a rising wave.

On May 12, the EUR / USD pair gained about 40 base points, but this was enough for the instrument to begin to move quotes from previously reached lows.

The news background for the EUR/USD pair on Wednesday consisted of several reports from Europe, a summary of forecasts from the European Commission and a relatively important ADP report on changes in the US employment.

On May 4, the EUR/USD pair lost about 65 basis points and, thus, began to build a new downward wave. It underwent certain changes since such a development of events did not fit into the previous wave marking. There is no pronounced trend at the moment, so I believe that the instrument is moving using three wave structures.

On January 24, the EUR/USD pair lost about 30 basis points and thus continues to build the expected wave y. If this is true, then a successful attempt to break the 76.4% Fibonacci mark indicates that the markets are ready for further sales of the euro currency. The wave y becomes more extended than originally calculated. Around the 100.0% Fibonacci level, its construction may be completed.