The price managed to go below the support level, presumably, continuing the formation of wave (iii) of the downward impulse. In the future the pair’s decline is expected to accelerate within the specified wave.

Inasmuch as the current situation looks very promising, it is recommended to look closer at the possibility of opening sell deals at current market prices.

Investment idea: sell 109.00, stop loss 109.20, take profit 106.50.