If for the implementation of the assumed scenario the price reduction was undesirable for the euro, then for the pair under consideration the downward movement fully fit into the proposed wave pattern. Here the decline completes the development of the supposed corrective wave 2, which will probably take the form of a simple zigzag.

In this case, we can expect a resumption of growth soon, and if we have an impulse in front of us, then the movement will develop within wave 3. But it is not recommended to rush to open deals. In this situation, it is worth waiting for the update of the current local maximum.

Investment idea: buy 1.3960, stop loss 1.3930, take profit 1.4200.