While the rise in the euro was expected, the situation with the British pound raised certain doubts, as the anticipated correction in wave 2 looked unclear and unsightly. However, the price surge during yesterday’s trading session does not guarantee that the upward movement is impulsive in nature and represents wave 3. A reversal could well begin in the near future, but before that, the price might attempt to rise a bit further, so it’s not advisable to rush into any decision just yet.

Overall, the situation for this pair remains unclear, and it is not recommended to consider it for trading in the near future. Over time, the situation will become clearer, and trading opportunities may arise.

Recommendations: Flat.