The Euro’s growth has paused. A well-identifiable zigzag has formed, which is likely not yet fully completed. The current price position looks very much like a developing structure that is typically followed by a continuation of the movement.

For this reason, it is too early to enter sell trades at current market values. It is necessary to obtain confirmation of the resumption of the bearish movement. However, there is a feeling that we can expect the development of a complex correction in the near future. In that case, the price will wander within a certain price range for some time, after which a breakout and a directional movement will occur.

Thus, there is no need to rush with trading decisions; it is better to spend a day or two observing the price behavior from the sidelines.

Recommendations: FLAT.