Euro is in no hurry to decline, keeping afloat by all means. All this leads to sophistication of the correctional structure of wave [2], which can turn into a double three from a simple zigzag. At the same time, the border of this correction has distinctly become clear, going beyond which will give a good signal to enter sell trades.

The level of 1.2050 twice kept the euro rate afloat, and if the price consolidates below it, then with a high degree of probability we will see the development of wave [3] of the downward impulse.

Investment idea: sell 1.2050, stop loss 1.2090, take profit 1.1750.