Everything is going according to plan for the pair under consideration. The price completed the development of the initial diagonal triangle, quickly correcting it with a simple zigzag, and then went to draw the next impulse wave iii.

The indicated wave is in its inception stage, but the first success in the form of renewal of the maximum set by wave i has already been achieved. Further impulse growth and extension of the alleged wave iii are expected to continue.

Investment idea: buy 110.80, stop loss 110.50, take profit 113.00.