After the strong falls found a bottom at 1.10020, the price rebounded upwards to the levels of 1.10900 /// 1.1100. Now we would be in the presence of a wave 4 retracement that took the price to 1.10748. This wave could still look for the 1.10600 level on the downside.

In these last mentioned levels I expect a wave 5 rebound that, if consolidated, could take the price of this pair to the levels of 1.11200, even up to 1.11400 in extension
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Chart PatternsTrend AnalysisWave Analysis

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