The euro’s drive to continue rising led to another update of the local high. This, in turn, affected the wave pattern, requiring certain adjustments. The updated scenario still assumes the beginning of a decline.

This is driven by the potential formation of a double zigzag, in which the final wave c of (y) is currently developing. If this assumption is correct, we may see further buyer activity in the near term, leading to another update of the local high. Following that, a decline in impulse form is expected to begin.

Therefore, it is currently worth considering cautious buy trades.

Recommendations: BUY 1.1560, SL 1.1540, TP 1.1620.