We have not seen the continuation of the pair’s decline yet. The price traded in a narrow price range for the entire past trading day, forming an internal corrective structure in the expected downward impulse. The pair’s downward movement is expected to resume today. In this case, it is recommended to wait for the price to exit from the observed sideways trend.

Meanwhile, the targets for movement remain the same, the lower boundary of wave iv.

Investment idea: sell 109.50, stop loss 109.80, take profit 108.40.