The euro was not allowed to continue rising, although there was still some potential left. However, the market played out differently. The price remains under selling pressure but is holding up well, preventing a significant decline from current levels.

It appears that the second wave of an extension within wave 3 is forming. Moving forward, the price action is expected to follow a trajectory similar to the schematic indicated on the provided chart. At the moment, no clear trading opportunities are visible, so it is recommended to observe the market from the sidelines.

Once the anticipated correction is complete, a strong impulsive movement is expected due to the development of wave 3. However, this is unlikely to happen before the next trading week.

Recommendation: Flat.