For the pair in question there was a renewal of the minimum of 2020. The price is decreasing within the framework of formation of the wave [v] of iii. In this case, in the near future we expect an activation of buyers, which will lead to a rapid growth, so far within the development of the corrective wave iv.

But there is no need to rush to buy, the price may slide even lower to the area of 1.1300. In this situation it is advisable to watch the developments from the outside. It is unlikely that all these price fluctuations will occur during the current day.

Recommendations: Sell 1.1400, SL 1.1425, TP 1.1300.