There is still some uncertainty about the pair under consideration. On the one hand, the development of a large correction taking the form of a zigzag is expected, and according to this, an impulsive decline in wave C is expected. On the other hand, the dollar does not want to decline trying to respond to any attempts of pressure.

Perhaps, this is only a part of the correction within the incipient downward impulse movement. In this case, it is worth waiting for the start of the impulse movement and entering into sell deals at the renewal of the current minimum.

Investment idea: sell 109.15, stop loss 109.45, take profit 106.50.