The euro, having created a favorable scenario in the form of an initial diagonal triangle, has not fully capitalized on this setup. The price has entered a prolonged correction, which closely resembles a flat pattern.

This correction may be the fourth wave in the observed upward movement. In this case, an attempt to update the current local maximum is considered as wave 5. Overall, the entire growth fits within the initial diagonal triangle. If this is indeed the case, we can expect a prolonged upward movement going forward.

But these are more global probabilities. Locally, there is a possibility to consider buying at current market values with the aim of updating the high set by wave 3.

Recommendations: Buy 1.0860, SL 1.0835, TP 1.0925.