The European currency is appreciating
Presumably, the first counter-trend wave within an expected bullish trend continues to develop. Apparently, the third wave of junior level (iii) and a local correction in a form of wave ii of (iii) are forming locally. The wave i of (iii) has developed within the former. If the presumption is correct, the pair will logically continue to rise to a level of 1.1400 after the correction comes to an end. The level 1.0610 is critical in this scenario.
Wait for completion of correction and buy the pair above a level of 1.0610 with a target at about 1.1400. Sell the pair with the target at 1.0300 in case the level 1.0610 is broken.
Breakdown of the level 1.0610 and consolidation below will allow the pair to continue declining to a level of 1.0300.