The situation for the trading pair under consideration continues to develop according to the previously analyzed scenario. During the past trading day, the price was slowly declining within the range it has been stuck in since late May, and right now, it appears to be preparing for an attempt to break through the lower boundary.

In case of success, we can expect a further impulsive decline. This is due to the formation of wave C within a developing large descending zigzag. Before the breakout, a deceptive maneuver in the form of a growth is possible, which is exactly what we are observing at the moment.

For a safer entry into sell positions, it is recommended to wait for the moment when the price breaks below the lower boundary of the corrective range.

Recommendations: SELL 1.1590, SL 1.1610, TP 1.1500.