Difficulties arose with the resumption of upward movement. The price showed intention and even began to move upwards, but intensified selling led to the opposite effect. The price decreased sharply, approaching the local minimum closely. If the euro rate falls below the designated level, there will be a need to reconsider the current wave count, possibly reverting to a double zigzag pattern.

However, until that happens, the beginning of a rise as wave 3 of the upward impulse movement remains possible. Opening long positions in this situation can be considered upon a breakout above the local maximum around the level of 1.0700.

Recommendations: Buy at 1.0700, SL 1.0680, TP 1.0850.