Everything is relatively calm on the pair in question. The price after an unsuccessful reversal attempt has fully recovered and is trading at the local maximum. Most likely, in the near future, the price will rise a little more and update the current maximum. Thus, the development of the upward impulse, which is a wave c in a zigzag, will be completed.

Further a reversal and impulse decrease is expected. Since the potential of the upward movement is insignificant, and the time for selling has not come yet, it is recommended to stay out of the market and observe the developments from the outside.

A strong movement is likely to happen during the next trading week.

Recommendations: flat.