euro weakening accelerated, which led the price to the local minimum, the breakdown of which will be canceled by the previously proposed option with the development of the initial diagonal triangle. In this regard, the wave markup must be reviewed.
If you take a weekly schedule, it can be assumed that in general a triple zigzag is formed. At the moment, the development of the wave C of Z may be undergoing. Then in the near future we may be expected by a protracted decrease in a pair with updating the minimums of 2016. The euro seriously threatens to become cheaper than the dollar.
In this regard, it is recommended to choose sales for trading transactions.
Investment idea: Sell 1.0630, Stop Loss 1.0655, Take Profit 1.0550.