On the pair under consideration, the situation is developing within the framework of the previously considered scenario. After a rather confident breakdown of the support level, the downward movement stopped abruptly, after which the growth started. Probably, this reverse movement is caused by the retest of the broken level and at the moment we see that the price has reached the target value.

Now we need to watch to see if the rebound happens and the downward movement resumes. If it does happen, we can consider the breakdown of the current local minimum as a signal to make sell trades. The decline in this case will develop the supposed third wave of the downward impulse, which means that it may turn out to be quite strong and prolonged.

Recommendations: Sell 1.2520, SL 1.2550, TP 1.2300.