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.

On February 17, the EUR/USD pair gained only a few base points, which did not affect the current wave markup, which assumes the construction of wave 3 or C of the downward trend. Thus, neither the internal correction wave in the composition of 3 or C nor the correction wave 4 begins their construction due to too weak demand for the euro.

On February 14, the EUR / USD pair lost about 10 basis points and continued; thus, building supposed wave 3 or C. The entire wave 3 or C acquires a very simple and extended appearance at the same time. For example, it completely lacks internal correctional waves or they do not exceed 23% of the correction.