For the trading pair under consideration, the situation is fully developing as expected. On the first try, the dollar was not allowed to resume its strengthening, by pushing the American currency rate to local minimums. In the future, another small wave of decline is expected. After that the correction, which has taken the form of a zigzag, can be considered complete.

Thus, a favorable moment will come soon for making purchases in the maturing third wave of upward impulse.

In this regard, a trading recommendation may look as follows: buy 103.50, stop loss 103.00, take profit 106.00.