A good directional move was long overdue, but the dollar was constantly doing its best to prevent the euro from appreciating. There was a strong reaction to every attempt to grow, which led to a return to the original point of growth or even a bigger decline.

Now there is an attempt to build a good bridgehead for a solid move. The foundation is the initial diagonal triangle, which has already been reacted to. At the moment, presumably, the formation of the correction in the form of a double zigzag, which is also wave ii, is completed.

The price has approached the sloping resistance level, preparing to break through it and continue the rapid upward movement within the formation of wave iii.

In this regard, the conclusion of buy deals looks quite a promising trading decision.

Recommendations: Buy 1.0850, SL 1.0820, TP 1.1000.