While the current situation appears favorable for an upward movement, buyers are in no hurry to push the price higher. This suggests a slow but prolonged price growth, during which an extending impulse may form. Considering the previous decline strongly resembles a zigzag, the current bullish cycle is likely to update the highs from which the previous downward movement began.

The current wave structure closely resembles the formation of a 1-2, 1-2 wave combination. As the new trading week begins, the price may surge upwards. However, it is advisable to refrain from making decisions until the current local high is updated. Only after the price consolidates above 1.0600 should additional buy positions be considered.

Recommendations: Buy 1.0600, SL 1.0575, TP 1.1000.