The situation continues to develop within the previously considered scenario. After a corrective decline, which forms a zigzag pattern, the euro is attempting to rise again. This may be due to the development of wave 3 of the upward impulse. In this case, there is a very good upward movement ahead, during which the current maximum, established by the presumed wave 1, will be significantly updated.

A good entry point for buy trades has also formed. On the chart, a horizontal level is marked, and a breakout and consolidation above this level should signal active buying. However, no matter how clear the situation may seem, it’s important not to forget about a protective stop loss order, which can be set at the minimum formed by wave 2 or slightly higher, at the current local corrective movement.

Recommendations: Buy at 1.0935, SL at 1.0890, TP at 1.1100.