Estimated pivot point is at the level of 1.0824.
Our opinion: Sell the pair from correction below the level of 1.0824 with the target of 1.0616.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0824 may trigger further rise in the pair up to 1.0856 - 1.0972.
Analysis: Presumably, the formation of the upward correction, as the fourth wave 4 of the senior level, has completed. Locally it seems that the fifth wave is being developed, within which a minor one-two impetus I has been formed. If this assumption is correct, the pair will continue to decline to 1.0616 - 1.0455. Critical level for this scenario is 1.0824.