For the pair under consideration, the situation changed insubstantially over the past trading day. The dollar was able to renew the local maximum, but probably, the exploits of buyers will end there.

This is due to the possible completion of the development of wave (ii) of the incipient downward impulse. In this case, in the future we will expect a good decline in the formation of wave (iii).

Investment idea: sell 110.40, stop loss 110.60, take profit 107.00.