The pair is still likely to grow
Supposedly, a bearish correction in a form of fourth wave 4 is completed. Apparently, the first counter-trend wave in a form of a small impetus (i) and its correction (ii) have been formed by now. If this assumption is correct and the price does not break the critical level 1.1940, it's logical to expect the pair to rise to the levels 1.2300 – 1.2600 – 1.2800
Buy the pair from corrections above the level of 1.1940 with targets at 1.2300-1.2600.
Breakout and consolidation below the level of 1.1940 will allow the pair to continue declining to the levels 1.1800-1.1700.