The pair under consideration experienced a sharp stop with a surge in buying activity. But whether this is the beginning of the formation of wave (iii) upward impulse, we cannot say confidently. But the probability is high enough.

In this case, the supposed corrective wave took the shape of a flat. It is recommended to buy as part of the development of wave (iii) at the renewal of the local maximum.

Investment idea: buy 109.35, stop loss 109.00, take profit 111.00.