The pound as well as the euro failed to continue its strengthening, retreating sharply under the pressure of an unexpectedly active dollar. Perhaps it is caused by the continued development of the correctional wave 2, which decided to become a little more complicated.

Then in the near future we may see a slight decline in price with the renewal of the local minimum, but not the minimum of wave 1. Then impulsive growth within the formation of wave 3 of the upward impulse is expected.

Thus, the development of correction may take one more trading day.

Recommendations: flat