The situation on the pair in question remains not quite clear. The wave structure, which began its development in September last year, looks incomplete. It lacks the final growth wave during which the second zigzag in the forming double zigzag will be completed.

Probably, the buyers will quickly “fly up” and finish the wave [c] after which they will quietly give the initiative to their opponents. Then directed impulse decrease will begin. In the meantime, it is still worth of buying if the current local maximum is updated.

Recommendations: Buy 1.2665, SL 1.2640, TP 1.2800.