The expected decline did not occur. The price moved slowly upward, approaching the critical level. If this level is broken, the downward movement will not be an impulse but a three-wave structure, indicating its corrective nature.

For now, there remains a slim chance of a decline and the formation of an impulse, and we will consider this scenario as the main one. For its realization, it is necessary that the price begins to fall immediately from the opening. Entering sell trades in this situation should be done after breaking the 1.1660 level.

Otherwise, we may see the continuation of the correction, which will become more complex and prolonged over time.

Recommendations: SELL 1.1660, SL 1.1690, TP 1.1570.