For the currency pair in question, a protracted downward impulse was anticipated. However, sellers failed to update the local minimum, and significantly increased activity from their opponents led to a reversal movement. Currently, this rebound does not have a crucial impact on the potential bearish scenario and can be seen as a correction within the emerging wave 3. In this case, the price may attempt to rise further, potentially forming a zigzag pattern, retracing about 50% or 61.8% of the recent decline.

After this, it will be possible to look for opportunities to enter into sell trades. Until that point, it is recommended to refrain from making any active trading decisions.

Recommendations: Flat.