Unlike the euro, the situation on the pair in question has not undergone any significant changes, so we will continue to consider the same scenario as before. Apparently, at the moment the correction is still developing. Perhaps, wave 2 will “move” a little to the right, but we need confirmation in the form of a decline.

The confirmation of the realization of the development of the expected wave 3 will be the breakdown of the support level indicated on the chart. Also, this event may be a signal for making sell deals.

But before that the price is likely to grow to the local maximum at 1.2790.

Recommendations: Sell 1.2600, SL 1.2630. TP 1.2350.