The price has had some difficulty in continuing to rise further. Trading is still at the local high, with the previously indicated level blurred, so it is unlikely to be taken into account when making trading decisions.

A breakdown of 1.0975 may be a signal to buy. However, since wave iii of the ascending impulse is expected to be formed, penetration of the specified value will be fast.

Thus, in this situation it is recommended to wait for the activation of the proposed trading signal and only after that enter trading positions.

Recommendations: Buy 1.0975, SL 1.0950, TP 1.1200.