It is extremely rare for the assumed scenarios to be realized quickly without any unexpected turns leading to certain doubts and forcing some of the traders to close correctly opened deals. Everything went very well for this pair. Extension was expected to develop in wave iii, but the price went down sharply over the past trading day.

Probably, this is due to the development of the correction, so further growth is still expected. But for a safer entry into buy trades, it is recommended to wait until the local maximum is updated.

Investment idea: buy 111.70, stop loss 111.40, take profit 113.00.