For the pair under consideration, the situation is not entirely clear, therefore, a draft version is still being considered. According to it, wave 5 of the diagonal triangle is currently developing. The purpose of the growth is the upper generatrix.

Now the price is halfway to the intended destination, which means that there is a good enough option to profit from buying. But it is worth entering trades only when the current local maximum is updated.

Investment idea: buy 110.85, stop loss 110.60, take profit 112.00.