There was a catch in the euro’s unwillingness to grow. The price declined after winning back half of the previous upward wave. Now all this wave structure can be implemented into a correction that takes the shape of a plane.

In this case, in the future, we will expect an impulsive decline in the pair with a slight update of the current local minimum. Consequently, it is worth considering the possibility of opening sell deals.

The movement, if it takes place, has good potential.

Investment idea: sell 1.2080, stop loss 1.2110, take profit 1.1920.