It seems the euro is in big trouble. The price failed to rise and form the second part of a complex correction representing a double zigzag. Instead, we observed a sharp decline in price. It is possible that the correction formed as a simple zigzag, after which the price moved downward, establishing a leading diagonal triangle.

In this case, we are likely witnessing preparations for a prolonged impulsive decline. It will be driven by the development of the third wave of the downward impulse. Moreover, the movement promises to be quite long-lasting.

Under these circumstances, it is worth considering the possibility of entering long-term sell positions when the minimum established by the first wave of the second structural phase is broken.

Recommendations: SELL 1.1390, SL 1.1430, TP 1.1250.