The growth of the pair in question has slowed down, although it was supposed to continue vigorously. Probably this is caused by the beginning of the formation of the initial diagonal triangle, which is the first wave of the lengthening wave 3.

Then in the near future we might see a movement similar to the schematically drawn on the chart.

Generally speaking, it appears that further impulsive strengthening of the euro. However it is not necessary to make hasty conclusions. It is necessary to confirm the proposed scenario. For this price should fall to the bottom of the diagonal line. On this expectation it is worth trying to sell.

Recommendations: Sell 1.0500, SL 1.0525, TP 1.0400.