Movement from 1.1465 to 1.0818 was a wave X. It is meant that the wave (4) did not end and combination correction will be here. If so, then we have a wave (A), next wave (B) at 1.11 = 0.382 x wave (A), and after that wave (C) with next targets at: 1.157, 1.175 and 1.186 ( wave (C) = wave (A); wave (C) = 1.382 x (A); wave (C) = 1.618 x (A))
Again, it is a good scenario, because this pair was an oversold and a lot of investors looked in down. Now they are, possible, have been getting at SL. It is common for markets in general and this behaviour a good describe in theory.
It is a my ALT count, which maybe possible here too. Instead of wave (X) we got a wave 1, instead of wave (A) we got a wave 2 and after that a pair must going down into wave 3 at target 1.04 = 1.618 x wave 1
Two key point, which will cancel the main scenario: is a 1.10047 = extreme of wave one and next one is 1.0818 = end of wave X. Brake of this levels will indicate that the pair are doing wave 3