For the pair under consideration, the markup, as well as expectations, remain the same. The price continues to decline slowly, which is considered a correction. It means that a surge in buying activity is expected soon, which will lead to an impulse growth.
An upward movement is expected within the formation of the wave iii.

But even if the price continues to decline and renews the local minimum, it will still preserve the chances for buyers to form a full-fledged impulse. Then wave ii will move little bit forward and take the shape of a plane.

Investment idea: buy 110.75, stop loss 110.50, take profit 113.00.