The growth of the pair has stopped. The price not only started to decline, but also managed to form something very similar to an impulse. Then it can be interpreted as wave a of correction taking the form of a zigzag. Further growth is expected within the development of wave b. It is very likely that there will be no update of the current local maximum set by wave iii. The price will rise to the level of 61.8% of wave a, after which it will go to draw wave c.

In this situation, we can try short-term purchases at current market values with the target at 1.0940.

Recommendations: Buy 1.0875, SL 1.0835, TP 1.0940.