For the pair under consideration, the proposed scenario began to be implemented with the development of a downward impulse. But for more confidence, it would be nice to update the minimum of the assumed wave (i).

Perhaps this will happen during today’s trading session. This is due to the formation of wave (iii) of 3.

The third impulse wave in this case turns out to be elongated, which means that a rather long downward movement awaits us.

Investment idea: sell 109.50, stop loss 109.70, take profit 107.50.