Instead of the expected continuation of the pair’s decline, the price rose sharply, eliminating the previously formed failure. Now the price is near the maximum, but it is hardly worth expecting its renewal.

The most likely scenario is with a decrease, and all these throwing will eventually turn out to be part of the correction. For this reason, it is not recommended to buy yet. Opening deals to sell looks much more promising.

During the expected decline, it is expected to reach the previously set target in the 1.550 area.

Recommendations: Sales 1.0750, SL 1.0780, TP 1.0550.