The pair maybe about to finish it's second wave which started from the first of march and going for it's third wave,yet we didn't see any confirmation from the price action so we'll wait to see a break for the lesser trend ,we also need to see a strong buyer to confirm the scenario (penetrating the trend line by the first wave of the lesser degree could do the job ) our natural first target after the penetration would be 111.00 (below the 38.2 fibo by a few pips )