It could go down to points of 1.08773. If it brakes this floor it could go to areas of 1.08102. If it fails to brake the minimum of 1.08773, it could enter an uptrend to look for movement 3 of the Elliot wave until 1.10016 minimum (100% fibo point of the previous inverse wave), being able to continue rising until the point 1.1039. (127% fibo point), to continue with a retracement of the elliot wave movement 4 to the point 1.09087 (23.6% fibo point) and then go looking for the movement 5. If it goes down enough to break the point from C, we would have new B (1) and new C (2). You have to wait for confirmations by looking at corresponding indicators.