The situation on the pair under consideration is developing within the framework of the scenario considered earlier. However, we should not relax and blindly believe the market, as at any moment the price may offer something unexpected, which does not fit the expected scenario.

So far it looks as if the decline in the impulse form, which is a part of the correction, has been completed. Then the growth followed, which can be cautiously considered as an entry. Now there is a pullback, a local extremum has been formed.

On the breakdown of this extremum it is possible to try to buy, as the possible growth is supposed to be the third wave of the ascending impulse. The level for entry is marked on the chart and it remains only to wait for the right moment.

Recommendations: Buy 1.0615, SL 1.0590, TP 1.0770.