After a 5-wave decline from 95.74 to 90.46, the pair is correcting in a 3-wave pattern. It is not clear whether the correction is over or one more upwards leg is on the cards, but I prefer to play this from the short side as long as we trade below 95.74. A break above this resistance will make us reconsider our count, otherwise we expect a large decline, through 90.46 towards 89.00