The most understandable picture is still emerging for the pair under consideration. Sellers were finally able to find important arguments in their favor, which allowed them to substantially push the dollar rate. The movement is becoming more and more similar to impulse. The third wave is probably forming now, which means that in the future the price will continue to move down.

The estimated trajectory is shown in the above screenshot.

Consequently, the investment idea looks as follows: sell 109.60, stop loss 109.80, take profit 108.00.