For the pair under consideration, as well as for the previously considered trading instruments, there were no substantial changes over the past trading day. Price is clearly correcting ahead of a good directional move. It is assumed that this will be an impulsive decline due to the development of wave C of the zigzag.

Before the start of the decline, probably, the price will rise sharply, approximately as indicated in the screenshot. However, it is not recommended to try to catch this movement; it is better to wait for the beginning of the C wave development and enter into sell trades.

Investment idea: sell 109.10, stop loss 109.40, take profit 106.50.