The euro is stuck in a forming correction, and each attempt to turn the situation in its favor ends with a stronger counter-reaction from the dollar, leading to the opposite result. The exchange rate continues to dip, repeatedly setting new local lows.

Nevertheless, the overall situation still appears to be a correction. Only the assumed structure has changed. Now, wave 4 looks like a flat formation, which, as expected, ends with an impulse wave.

With the start of the new trading week, a new bullish phase may begin, driven by the development of wave 5 in the presumed upward impulse.

For a safer entry into buy trades in this situation, it is recommended to open positions after a breakout above the 1.0830 level.

Recommendation: BUY 1.0830, SL 1.0800, TP 1.1050.