The fourth wave iv of senior level continue to form. Apparently, the third wave c is forming now and the whole of the fourth wave is taking a shape of a zigzag. The level 1.1205 is critical in this scenario.
Sell the pair from corrections below the level of 1.1205 with a target at 1.0880.
Breakout and consolidation above the level of 1.1205 will allow the pair to continue the rise up to a level of 1.1650.