The upward movement has been suspended. The euro is trying to consolidate at new price levels and so far it is succeeding. Eventually, it may develop into a long correction and become wave iv of the observed upward momentum.

However, wave iii is probably not completed yet, which means that the price will try to grow some more and only after that the correction will start due to the development of wave iv.

Be that as it may, in the current situation there are no buy or sell signals, so it is recommended to close previously opened buy trades and go into the waiting mode.

Recommendations: flat.