The possibility of growth remains.

On the daily chart, the construction of an ascending wave B continues, within which the first wave 1 of (A) of B has formed, a downward correction has completed as the second wave 2 of (A) of B, and the third wave 3 of (A) of B is observed. Currently, the third wave iii of 3 is developing, within which the local correction as wave (ii) of iii has ended and wave (iii) of iii has begun. If the assumption is correct, then the EUR/USD pair will rise to the area of ​​1.1140–1.1470. The critical stop loss level for this scenario is 1.0663.

Main scenario

Long positions are relevant above the level of 1.0663 with targets of 1.1140–1.1470. Implementation period: 7 days or more.

Alternative scenario

A breakout and price consolidation below the level of 1.0663 will allow the trading instrument to continue its downward dynamics to the area of ​​1.0414–1.0226.