The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1074.
Main scenario: short positions will be relevant from corrections below the level of 1.1074 with a target of 1.0850 – 1.0800.
Alternative scenario: breakout and consolidation above the level of 1.1074 will allow the pair to continue the rise up to the levels of 1.1250 – 1.1414.
Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 continued developing on the daily time frame as a zigzag with a diagonal triangle located in wave (С) of 2….
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