As is often the case, movements occur exactly at the moment when it would seem that there are no prerequisites. So, for the pair under consideration, the euro exchange rate took and grew literally out of nothing in the midst of the formation of a sideways trend. The local maximum has been updated and the price is trying to gain a foothold at these values.

Probably, in the near future we will have a successful consolidation at the indicated level, after which the price growth will continue. For this reason, buying remain as a very promising decision.

Investment idea: buy 1.1675, stop loss 1.1650, take profit 1.1750.