The pair is expected to decline due to local correction
Supposedly, the development of the third wave of junior level iii of (v) has finished. A descending correction in a form of fourth wave is expected to develop down to a level of 1.2615. If the presumption is correct, after correction, the pair will continue to grow to a level at 1.2900.
In the short term: sell the pair below a level of 1.2825 with a target at 1.2615. In the medium term: wait for completion of correction and buy the pair above a level of 1.2600 with targets at about 1.2800-1.2900.
Breakdown and consolidation below the level of 1.2600 will allow the pair to continue declining to the levels 1.2500-1.2400.