Having updated the local maximum, the price went beyond the acceptable value for the wedge development. The situation forces us to reconsider the wave counting again. The updated version assumes the development of the diagonal, which began in January this year. Its final wave 5 is developing now.

In this case, in the future we are waiting for the continuation of the growth of the pair with the target on the upper generatrix indicated in the chart above. As we see, there is a potential for movement that is quite interesting for trading.

Investment idea: buy 110.75, stop loss 110.50, take profit 112.20.