The past trading week ended with another victory of the dollar. The price decreased again and updated the minimum. It is possible that in this way the formation of the impulse was completed, in which wave [1] is stretched, and wave [5] is the shortest. But this fifth wave is very similar to a triple. Then it is possible to continue the decline and to develop the final diagonal triangle in it, but it is necessary to fit into the limited price space, because otherwise wave [3] will become the shortest, which is unacceptable.

In any case, a corrective rebound is coming, which may start today. In this case, we can again try to buy cautiously above 1.0775, setting a protective stop loss at 1.0740. If the price decides to go lower, it will be necessary to wait for clarification of this situation, to see how this decline develops and only then to look for possible points for making deals.

Recommendations: Buy 1.0775, SL 1.0740, TP 1.0870.