The euro continued to decline, confirming the previously considered wave scenario, according to which the formation of the upward impulse, which is wave i, was completed and the development of the corrective wave ii began.

This correction probably takes the form of a simple zigzag and for its completion there is not enough another downward wave. Most likely, we will see its appearance in the near future, although the price may stay in a narrow price range for some time.

In addition, the downside potential is insignificant, so it is not recommended to consider the current situation for trading.

Recommendations: flat.