Having barely got out of one horizontal correction, the price seems to have fallen into another one, very similar in nature, where trading is going on inside a certain price range. The upper boundary is the previously broken lower boundary of the previous sidewall. Now the price is trying to feel it for the second time. It is expected that there will be a rebound again and a directed downward movement may start.

However, there are no clear preconditions for this. Therefore, it remains to wait and watch how the events will develop further.

The breakdown of the level marked by the red horizontal line may serve as a signal to sell. So far this is the only reference point for making any trading deals. Decline is expected within the development of wave iii of the downward impulse, which may start to lengthen.

Recommendations: Sell 1.0845, SL 1.0875, TP 1.0700.