The break below 1.1138 was not expected and it tells us that wave 2 has not been completed yet. The break below 1.1138 opens up for a deeper correction towards the 78.2% corrective target at 1.1000 before wave 3 is ready to take over for a new impulsive rally.
That said, we are in the area for the possible completion of wave 2 between the 61.8% and the 78.2% corrective target, so a corrective low can be found anytime now. Short-term break above minor resistance at 1.1254 will be an indication that wave 2 has completed its formation, while a break above resistance at 1.1316 will confirm the low is in place and wave 3 is taking for a rally towards the extension target at 1.3993.
