Correction is nearing completion, growth expected to continue
Supposedly, bearish correction in a form of fourth wave (iv) within an uptrend is nearing completion. If the presumption is correct, after correction, the pair will continue to grow to a level at 0.7990. The level 0.7700 is critical in this scenario.
Wait for completion of correction and buy the pair above a level of 0.7700 with targets at 0.7990-0.8200.
Breakdown and consolidation below a level of 0.7700 will allow the pair to continue declining to the levels 0.7600-0.7500.