The downside option has not been canceled yet, but it looks more and more unrealizable, at least in the form we have been considering. At the moment, the alternative scenario is becoming more and more interesting. It is possible that the jerky decline, which we observed during the whole January, is not the initial diagonal triangle, but a correction in the form of a double zigzag.

Then price will tend to rise in the near term. Now there is a probing of the weakness of the dollar. The movement in a weak upward direction threatens to explode at any moment with sharp buying activity.

In this situation, we can try to start buying at the current market values with a pretty good potential for movement.

Recommendations: Buy 1.0800, SL 1.0775, TP 1.1000.