The development of a downward impulse has presumably begun for the pair under consideration. At the moment, wave (iii) is being formed, which seems to be lengthening. If this assumption is correct, then in the future we will see the continuation of the impulsive decline of the pair.

Potentially, everything looks very interesting, so it is recommended to look closer at the possibility of opening sell deals at current market prices.

Investment idea: sell 109.55, stop loss 109.70, take profit 108.50.