The previously proposed scenario has begun implementation. The price did not continue to decline, limiting itself to an insubstantial update of the local minimum. Immediately after that, a reversal occurred and the price rushed up. Therefore, probably, a double zigzag is formed with a short wave (y).

Now, presumably, we are watching the formation of an upward impulse, and insofar as the price has not grown too much, the continuation of growth of the pair is expected in the near future.

Investment idea: buy 1.1800, stop loss 1.1780. take profit 1.1900.