EUR / USD: Wave analysis and forecast of the euro / dollar for the week 02.02 - 06.02: Euro / dollar downtrend persists.
Estimated reversal point is at 1.1420.
Our opinion: Selling a pair of euro / dollar from corrections below 1.1420, with the aim of 1.10 - 1.08. In case of breakdown of the price level of 1.1420, and consolidate above, buy a couple of corrections in order to 1.1677 - 1.1868.
Alternative scenario: The breakdown level 1.1420 and consolidate above will allow the euro / dollar to continue to grow to marks 1.1677 - 1.1868.