The situation remains under buyers’ control; however, the current wave structure suggests that the euro’s dominance over the dollar is nearing its end. The reason is that the final wave 5 of the upward impulse movement is likely unfolding at the moment.

This wave is expected to conclude after another update of the current high. Immediately afterward, sellers are likely to take action and push the price down, initiating the formation of a major corrective structure.

Therefore, in the current scenario, it is recommended to wait for the right moment to enter sell positions.

Recommendation: SELL 1.1530, SL 1.1560, TP 1.1300.