An updated wave scenario is in play for EUR/USD, suggesting the development of wave 5 within an initial diagonal triangle. Previously, it was assumed that the growth could temporarily pause. This is due to the fact that movements in diagonal patterns are formed as three-wave structures. Accordingly, the first wave has formed within wave 5 and now requires correction.

This correction is currently taking place. With the start of the new trading week, we may see a renewed upward impulsive movement, which will complete the development of wave 5 and the entire proposed pattern.

Thus, there remains a good potential for further growth, which offers an opportunity to open long positions.

Recommendations: BUY 1.1370, SL 1.1320, TP 1.1500.