For the pair under consideration, the development of the correction, which is forming as wave iv, will probably continue. The observed decline is very similar to the impulse one. Three waves have already been formed in this impulse, which means that if this assumption is correct, in the near future we will develop a small correction, after which the decline will resume.

It is recommended to keep the previously opened sell deals active for now. You can try to open new positions at the current market values.

Investment idea: sell 112.85, stop loss 113.00, take profit 112.00.