The price has shown significant activity since the opening of the new trading day. Buyers continued to push their agenda, driving the price to new highs. This ultimately led to an update of the current year’s maximum.

Additionally, it is possible that the formation of wave 5 of a diagonal triangle has been completed. The completed wave pattern indicates an increasing likelihood of a price movement in the opposite direction, either as a correction or the next market phase.

In our case, a corrective price decline is expected, which by default is considered a simple zigzag. How things will actually unfold will become clearer over the next few trading days.

Recommendations: Sell at 1.1080, SL at 1.1100, TP at 1.1030.