The pair is expected to rise due to correction
The fifth final wave continues to develop within bearish trend. Supposedly, the third wave (iii) of v of 5 has formed, and bullish correction in a form of fourth wave is likely to develop. The level 1.0490 is critical in this scenario.
Buy the pair from corrections above the level of 1.0490 with targets at 1.0728-1.0869.
Breakdown and consolidation below the level of 1.0490 will allow the pair to continue declining to the levels 1.0400-1.0350.