The volatility in the pair under consideration has dropped sharply and continues to remain at its minimum values. All this leads to the development of a sideways trend, the exit from which promises a very good movement. So far, the situation is developing in such a way that we will probably see a good rise in prices. This is due to the formation of an upward impulse in which the development of wave 3 is expected.

However, before that, the price may sharply go down to “finish drawing” the correction in the form of a zigzag in wave 2, so it is not recommended to rush to enter buy trades. Positions should be opened when the maximum of the expected wave 1 is renewed.

Investment idea: buy 1.3985, stop loss 1.3960, take profit 1.4200.