The option with the initial diagonal inside wave (iii) was quickly canceled. The dollar has grown too much. Now the situation looks like a zigzag forming as a wave (ii). In this case, the pair’s impulse decline may resume in the near future. Meanwhile, wave (iii) will be formed, which in the overwhelming majority of impulses is the longest and fastest forming.

Therefore, it is recommended to look closer at the possibility of opening sell trades.

Investment idea: sell 110.00, stop loss 110.20, take profit 107.50.