The situation for the pair continues to unfold according to the expected scenario. Earlier, an upward impulse likely completed, with wave 5 forming a final diagonal triangle. The subsequent decline appears impulsive, but this wave is only part of a corrective structure of a higher timeframe. Therefore, there is a high probability that the downward movement will continue.

Moreover, there is a very clear entry point. A breakout of the current local low could trigger another impulsive decline, so it is recommended to be ready to open short positions.

Recommendations: SELL 1.1315, SL 1.1345, TP 1.1050.