A decline is expected.
Assumingly, a formation of a correction as the second wave 2 of the senior level continues, within which a double zigzag wxy is forming. Locally, it seems to be a development of wave y of 2 as a zigzag within which a formation of wave (b) is nearing the end and a decline in wave (c) to the level of 1.0950 is expected. A critical for this scenario is the level of 1.1460 the breakout of which would allow the pair to grow further to 1.1600-1.1700.
Sell the pair below the level of 1.1460 with the target at 1.1000-1.0950.
The breakout and consolidation above the level of 1.1460 would allow the pair to grow further to 1.1600-1.1700.