The euro exchange rate has risen as expected, coming close to the high established in May of this year. However, buyers are likely not strong enough to update this peak. In the emerging upward impulse, the development of an extended wave 3 seems to have concluded. The next step for the price in this case is a corrective decline intended to form wave 4. The anticipated price movement trajectory in the near future is indicated on the chart.

Thus, in the near future, a corrective decline is expected due to the formation of wave 4, and it is recommended to make sell trades with small targets.

Recommendations: Sell at 1.0880, SL at 1.0900, TP at 1.0820.