The growth of the observed pair begins to threaten the considered wave scenario more and more. All because the rate is quite close to the critical level, and its breakdown will force to reconsider the markup.

For now the chances of realization of the earlier considered scenario remain, but sellers need to start acting decisively. If they manage to sell the price, a good signal for selling will be a break-down of the level of 1.2500, and then we might see the start of downward impulse wave 3.

Till that moment it is advisable not to make any trading decisions, just to remain outside observers.

Recommendations: Sell 1.2500, SL 1.2525, TP 1.1800.