The situation in the analyzed currency pair continues to develop according to the previously considered scenario. According to it, the market is currently presumed to be forming a zigzag that is part of wave x, which in turn is a component of a complex corrective structure — specifically, a double zigzag.

To complete this phase, a short-term strengthening of the euro against the dollar is required. The expected movement trajectory within this development is shown on the accompanying chart. At the moment, we can see that the price is indeed growing cautiously. Based on this, it is possible to consider initiating cautious buy positions at current market levels.

Recommendations: BUY 1.1745, SL 1.1720, TP 1.1820.