The sharp surge in buying activity began to raise concerns about the expected downward movement. However, the final trading day of the previous week cooled the Euro’s ardor and the price as quickly as it increased, decreased and even managed to renew the minimum of the current year.

It is possible that in this way, the intention of the price to decline further was indicated. Presumably, the movement will be formed as wave iii of the downward impulse. Before that, a small corrective growth is possible, but it cannot be excluded that the movement will go without any significant stops right from the current price values.

In this regard, it is recommended to start selling cautiously at the current market values.

Recommendations: Sell 1.0 775, SL 1.0815, TP 1.