The final trading day of the previous week turned out to be unsuccessful for the euro. Strong growth was replaced by a strong decline, which is considered as a part of correction taking the form of a simple zigzag at the moment.

But it needs a confirmation, which becomes a bounce. The attempt is already there, we wait for the further development. The potential of movement in this situation is insignificant, so it is hardly worth trying to earn on it.

A good opportunity will open when the zigzag is confirmed and wave ii is formed. Further movement is expected in the third ascending impulse wave, during the development of which there will be an update of the maximum of the current year.

In the meantime, it is recommended to remain an outside observer of what is happening in the pair in question.

Recommendations: flat.