Following another attempt by the price to break lower, which barely updated the local low, buyers sharply stepped in. The price began to rise, and the new trading week even opened with an upward gap.

The downward momentum has likely ended here, and the observed growth is, at the very least, an attempt to correct this bearish movement. For this reason, the minimum target for the expected growth is the 50% or 61.8% Fibonacci level.

In the current situation, it is recommended to open buy trades at current market values. We can reasonably expect at least the development of a simple zigzag.

Recommendations: BUY 1.1645, SL 1.1630, TP 1.1710.