The situation for the considered pair during the last trading day did not unfold exactly as expected. Instead of the anticipated decline, the price began to rise. It is possible that the earlier decline was a complete corrective wave 4 in the forming diagonal triangle.

If so, the current price increase is driven by the development of the final wave 5 of the mentioned wave pattern. The target for this upward movement could be the upper boundary of the model, as indicated on the chart above.

Thus, during the corrective decline, it might be worth cautiously buying.

Recommendations: Buy at 1.1000, SL 1.0980, TP 1.1070.