The final trading day of last week turned out to be very calm. The price made no attempt to initiate any strong directional move, limiting itself to minor fluctuations within a narrow range.

In this regard, the previously considered scenario remains valid for now. At the moment, a further development of wave 3 of the initial diagonal triangle is being considered. For this wave to complete, another upward push is needed that would lead to a renewal of the local high, which may occur during this trading week.

After that, a corrective decline toward the lower boundary of the formation is expected, so it does not make sense to stay in long positions for too long.

Recommendations: BUY 1.1650, SL 1.1625, TP 1.1725.