It was assumed that the price for the pair under consideration would continue to decline and reach the zone 108.40-108.50. But before reaching 10 points to this range, a reversal occurred and the price began to rise. Perhaps the development of a correction that has taken the form of a zigzag is completed, which means that the price will grow in the near future.

But growth can be both the beginning of another impulse and part of a correction, so you should not expect a long-term directional movement with confidence.

Investment idea: buy 108.90, stop loss 108.60, take profit 109.50.