The past trading week made it clear that the uptrend is hardly over. The price quickly liquidated most of the decline which was probably correctional. Now all attention is paid to new price maximum.

Growth is expected within the formation of wave (iii). To open buy trades, it is recommended to wait for the breakout of the local maximum passing at the value 1.2170.

Investment idea: buy 1.2170, stop loss 1.2140, take profit 1.2350.