Estimated pivot point is at the level of 1.0572.
Analysis: Presumably, the formation of the fifth wave 5 of the senior level continues, within which the third wave iii of 5 is being developed. Locally, it seems that the third wave of the junior level (iii) is being formed. If this assumption is correct, the pair may continue to decline to 1.0420 - 1.0350. Critical level for this scenario is 1.0572.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0572 may trigger further rise in the pair up to 1.0678.
Our opinion: Sell the pair from correction below the level of 1.0572 with the target of 1.0420.