Toward the end of the trading week, the euro, which had long been under heavy selling pressure, suddenly showed signs of life, attempting to correct the situation. Moreover, the correction has dragged on, and it’s time to move forward and draw the next wave of the forming impulse — otherwise, it risks becoming a correction of a higher time frame instead of a true impulse.

The current upward movement is presumed to be wave 5 in the ongoing bullish impulse. If this scenario holds true, we can expect a strong, directional upward trend ahead — a move definitely worth taking advantage of.

Thus, traders are advised to consider buying opportunities at current market levels.

Recommendation: BUY 1.0830, SL 1.0800, TP 1.1050.