The beginning of the trading week starts quite calmly. Buyers are under a bit of pressure which they will probably be able to handle easy with throughout the day. Therefore, in the future it is assumed that the pair will continue to grow with the completion of the development of the upward impulse.

Further, a corrective pullback and another wave of impulsive growth are expected. The potential for an upward movement can be very substantial, but firstly, you need to update the maximums of 2020 and gain a foothold at new price levels.

Investment idea: buy 1.1880, stop loss 1.1860, take profit 1.1950.