The beginning of the trading week did not change its traditions again, becoming another rather sluggish and uninteresting trading day. The price managed to grow a bit, but it is not enough for a reversal. The situation is still within the downtrend.

The euro needs to “add” a little bit in the near future in order to change the situation in its favor. The current wave picture is quite favorable for this.

Thus, the completion of the downward impulse, which is part of the wave C of the plane, is assumed. This model is completed, so the growth is quite justified.

The nearest target for the upward movement lies at the maximum set by wave b.

Recommendations: Buy 1.0760, SL 1.0735, TP 1.1300.