The pair has formed the expected decline. However, everything has happened too quickly. Corrective growth within the supposed zigzag in wave ii turned out to be short-lived and limited to a small movement. Therefore, wave ii will probably end in the near future and the next growth phase will begin.

To confirm this supposition, it is worth waiting for a reversal and development of an inbound upward impulse wave and looking for opportunities to enter buy trades during further correction. For now, it is recommended to stay out of the market and wait.

Investment idea: flat.