The dollar made an attempt to start the development of the third impulse wave, according to the assumed wave scenario. However, the venture was not crowned with success. The sellers managed to stop and then push the rate of the American currency a little bit.

But it still looks like a correction, which means that soon the price has great chances to grow as part of the formation of wave iii of an upward impulse. Consequently, in the current situation, purchases remain relevant and priority over sales.

Investment idea: buy 110.60, stop loss 110.40, take profit 113.00.