Assumingly, a long-term correction as wave B of the higher level, which has taken the shape of a triple three wxywz, has finished forming. Locally, a starting impulse of the lower level i seems to have formed, and if the assumption is correct, the pair is expected to continue its fall towards 1.2819 after the correction ends. Critical for this scenario is the level of 1.3306.
Trading tips
Sell the pair below the level of 1.3306 with the target at 1.2819.
Alternative scenario
The breakout and consolidation above the level of 1.3306 would allow the pair to grow to 1.3400-1.3500.
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