Buyers are determined and not going to give up. Each decline is immediately redeemed, but as soon as the previous local maximum is updated, the speed of movement decreases sharply. Anyway, the situation fits well into the proposed wave framework and the previously proposed scenario.

Let me remind you that at this moment the formation of an upward impulse or a part of a large correction taking the shape of a converging triangle is underway. Both options suggest a good strengthening of the euro in the short term. Consequently, it is recommended to buy when the current local maximum is updated.

Investment idea: buy 1.1860, stop loss 1.1830, take profit 1.2000.