Sellers have nevertheless decided to try to challenge the previously established price low, bringing the pair’s rate close to this level. However, the situation seems very likely to continue developing as a correction. In this case, the decline appears to be false, and expecting any breakthrough in this direction is unlikely.

A false breakout may occur, followed by growth, and it’s essential to be prepared for this. Currently, this correction is starting to look very much like a flat pattern. Waves a and b have been formed, and only the final wave remains, which will likely be impulsive in nature.

Therefore, we can soon expect a strong upward movement within the current corrective structure.

Recommendations: Buy at 142.75, SL 142.30, TP 148.00.