The Euro remains under pressure, and the maximum strength it can gather so far is a brief pause in the form of a weak corrective pullback, after which the price consistently slides downward, renewing its lows each time.

For now, this movement is considered impulse-driven, with wave iii undergoing significant extension.

Alternatively, this wave may already be complete, and the observed attempt to rise could be part of a corrective wave iv belonging to the emerging wave ii of a comparable degree.

In this scenario, we will not see a break below the current local low; instead, the price will advance. This movement can be traded by opening long positions at current market levels.

Recommendations: BUY 1.1240, SL 1.1215, TP 1.1300.