The situation with the discussed pair is also developing within the previously considered wave scenario. After a fairly good rise, a pullback began, which may continue in the near future. However, the remaining potential for decline is small, so it is not worth considering this situation for making sell trades.

The subsequent rise could be quite interesting. Presumably, the movement will be driven by the development of wave [iii] of the upward impulse. In this case, we will see the update of this year’s high.

It is recommended to open buy trades on the breakout of the 1.2845 level, which is the current local price high. Below this level, a correction is likely to form.

Recommendations: Buy 1.2845, SL 1.2815, TP 1.3000.