The situation has hardly changed since the last trading day. The market is trying to rise again and reverse the current trend. It should be noted that if such a steady growth continues, the trend may well break in favor of the bulls and provoke good impulsive movements.

But the unfinished bearish trend pattern is troubling and prompts a renewal of current lows. Therefore, the scenario with a decline in wave [5] of (c) of y should be considered the main one for now.

Based on the current situation, a reasonable level for a short entry is 1.1250.

Idea: Sell 1.1250, SL 1.1275, TP 1.1150.