There was a minimum of changes during the past trading day. The price was trading in a narrow range, along a steadily fading amplitude, which indicates the development of a converging triangle. Exit from it is expected upwards but without further directional movement, inasmuch as the development of a correctional wave [2] is generally expected.

The estimated trajectory is shown in the above chart.

Investment idea: buy 1.1810, stop loss 1.1800, take profit 1.1860.