The development of the correction within the downward impulse continued. The formed zigzag is clearly visible, so in the near future we can count on the renewal of the downward price movement within the framework of the formation of the fifth wave. If everything does not go according to plan, then the pair may rise sharply and then this zigzag will turn into an impulse.

Consequently, there is no need to rush to open sell deals here and now. It is recommended to wait for the price to pass the value 1.1860.

Investment idea: sell 1.1860, stop loss 1.1890, take profit 1.1800.