The assumption regarding the formation of an extending wave 3 during the final trading session of the past week has been confirmed. The price has begun to rise, possibly indicating the start of the formation of a corrective fourth wave within the ongoing downward impulse.

In this case, we can expect the corrective price movement to continue further. Simply put, the pair is likely to move within a certain price range for some time. For this reason, it is advisable to secure previously opened buy positions by moving the stop loss closer to the current market value or closing them altogether.

Recommendations: Flat.