The situation continues to develop in line with the previously considered wave scenario. After forming an initial diagonal triangle, the price began a decline, which is likely corrective in nature and represents a zigzag pattern.
At the moment, this structure may be missing only a small downward wave, which is expected to unfold in the near term. After its completion, an impulsive upward move is anticipated, likely leading to new highs for the current year.
For this reason, the market should be monitored closely, and opportunities to enter long positions should be considered whenever possible.
Investment idea: BUY 1.1625, SL 1.1600, TP 1.1730.
Origin: FreshForex
