The correction is ending. The growth of the pair is expected.
The downward correction as a wave ii of 3 of the highest level has formed. Locally the development the third wave iii of 3, within which the formation of the downward correction of the lower level (ii) is ending, has begun. If the assumption is correct, the pair will grow to the level of 0.7473-0.7516. The level of 0.7325 is critical for this scenario.
Trading scenario
Buy the pair from the correction above the level of 0.7325 with the target at 0.7473-0.7516.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.7325 will let the pair to lower to the level of 0.7260.
The downward correction as a wave ii of 3 of the highest level has formed. Locally the development the third wave iii of 3, within which the formation of the downward correction of the lower level (ii) is ending, has begun. If the assumption is correct, the pair will grow to the level of 0.7473-0.7516. The level of 0.7325 is critical for this scenario.
Trading scenario
Buy the pair from the correction above the level of 0.7325 with the target at 0.7473-0.7516.
Alternative scenario
The breakout and the consolidation of the price below the level of 0.7325 will let the pair to lower to the level of 0.7260.