Judging by the way events are developing, growth, at least for a while, should be forgotten. The dollar has steadily tidied up the initiative and is acting according to the plan. If we consider the daily chart, we can assume that at the moment there is a development of the correction taking the form of a double zigzag. Wave y is probably forming now, which has the potential for further development.

In this case, the pair will continue to decline in the future, while the movement will probably be impulsive.

Investment idea: sell 1.1685, stop loss 1.1710, take profit 1.1450.