The wave pattern of the observed currency pair has undergone some changes. Previously, it was assumed that the diagonal triangle had already been completed. However, the situation now suggests that this model is still forming. Most likely, wave 1 was mistakenly identified, which caused the markup to shift one step to the right.

During the upcoming trading day, further growth is expected, but the movement potential is limited, with the target lying at the upper boundary of the model. After reaching this level, a corrective decline is anticipated.

It is this downward movement that should be considered for trading, although short-term buys aimed at capturing the remaining part of the forming wave 5 may also be attempted.

Recommendations: BUY 1.1705, SL 1.1690, TP 1.1760.