The upward movement, which began energetically as part of the anticipated wave 5 in the bullish impulse at the end of last week, has now shifted to a decline. This is likely due to the formation of a correction within the mentioned impulse wave. However, starting from the first day of the new trading week, buyers may become active again, leading to further growth of the euro against the dollar.

This upward segment is unlikely to last long. Right after the local maximum is updated, a response from sellers is expected. This will initiate another corrective decline, as shown schematically in the attached screenshot.

Thus, if opening new buy positions, it should only be done until the current local maximum is updated.

Recommendations: Buy 1.1075, SL 1.1060, TP 1.1125.