Downward correction continues.
Assumingly, a downward correction in wave ii of 3 of the higher level continues developing. Locally, wave (c) of ii seems to be forming within which an impulse is developing. If the assumption is correct, the pair is expected to continue falling towards the level of 0.7372. Critical for this scenario is the level of 0.7565.
Main scenario
Sell the pair below the level of 0.7565 with the target at 0.7372.
Alternative scenario
The breakout and consolidation above the level of 0.7565 would allow the pair to grow to 0.7745.
Assumingly, a downward correction in wave ii of 3 of the higher level continues developing. Locally, wave (c) of ii seems to be forming within which an impulse is developing. If the assumption is correct, the pair is expected to continue falling towards the level of 0.7372. Critical for this scenario is the level of 0.7565.
Main scenario
Sell the pair below the level of 0.7565 with the target at 0.7372.
Alternative scenario
The breakout and consolidation above the level of 0.7565 would allow the pair to grow to 0.7745.