On the considered pair continued aimless wandering in a narrow price range caused by the formation of the correction, which is part of the wave [ii].

In the near future this character of movement can be continued. But it may turn out that the price will go down sharply, but immediately from these values will start rising, forming wave [iii] of the ascending impulse.

In this regard, it is not recommended to make trading decisions in a hurry. It is necessary to wait for confirmation of the price’s intention to grow. It may be the renewal of the maximum established by the wave [i].

Recommendations: Buy 1.2030, SL 1.2000, TP 1.2350.