The updated wave scenario has not yet been refuted by the market. This is because the price spent the entire final trading day of last week in a sideways movement. It is possible that this correction is the second wave in an emerging upward impulse, within the third wave of an even larger impulse in the time frame.

Then we will get an extended wave and a strong upward impulse movement. This is also indicated by the previously formed leading diagonal triangle, currently considered as wave 1.

Therefore, in the near future, a price breakout upwards with good movement potential is expected. Accordingly, buying in this situation looks like a very promising trading decision.

Recommendations: Buy at 1.0790, SL 1.0765, TP 1.1000.