Euro is preparing for a strong impulsive rise. At least, this is how the situation looks at the moment. Previously, waves 1-2 have likely already formed, after which the price went up, updated the local high, and then went into correction.

Presumably, this marks the beginning of an extension in wave 3. If this assumption is correct, we can expect a strong impulsive move in the future. The movement could be very strong and quickly bring the price close to the high set at the end of January this year.

In this regard, entering buy trades looks like a very promising trading decision.

Recommendations: BUY 1.1575, SL 1.1525, TP 1.1750.