The decline of the Euro has indeed paused. However, before starting to move up, sellers still decided to test their opponents once again and pushed the price slightly lower after a small bounce upward. Buyers managed to handle it, though not without some effort.

Now we are watching them try to provide an adequate response to the downward movement that occurred. A strong rally is unlikely to be expected, but we will still see some movement. It is assumed that the growth will be corrective in nature and will represent a simple zigzag.

Wave “a” is currently forming within it and will continue its development in the near future. After a corrective pullback in wave “b”, another upward move should follow, meaning one can comfortably try to buy, though forgetting about a stop loss is still not recommended.

Recommendations: BUY 1.1380, SL 1.1365, TP 1.1450.