H4: The situation on the chart remains unchanged. The currency pair is holding above the four-hour supertrend line, which suggests a potential new attempt to rise and retest the key support/resistance level (4/8). After that, the price may resume its decline. An alternative scenario assumes the development of a sideways movement within the range between levels (3/8) and (5/8).

Trade decision: SELL 1.1280, SL 1.1300, TP 1.1108.