The final trading day of last week was quite eventful. The price attempted to continue its strong upward movement but faced strong seller resistance at the peak moment. This resistance was so unexpected for buyers that within an hour, they lost more than half of the gains achieved in this upward phase.

This can be attributed to a correction, which represents the second wave within the forming upward impulse. In this case, the price may soon attempt to recover lost ground, but it might decline a bit further first.

Therefore, it is recommended to wait for the start of the upward movement and then attempt to buy again. The target at the 1.1200 level remains relevant.

Recommendations: Buy at 1.1105, SL 1.1085, TP 1.1200.