The pair is under correction.
The bearish correction continues to develop in a form of wave 2. Apparently, the wave b of 2 has finished forming and the third wave c of 2 has started developing. If the presumption is correct, the pair may fall to a level of 0.7735. The level of 0.7967 is critical in this scenario as the breakout will result in a further growth of the pair.
In the short term: sell the pair from corrections below the level of 0.7967 with a target at 0.7740. In the medium term: wait for the correction to complete.
Breakout and consolidation above the level of 0.7967 will allow the pair to continue the rise up to the levels of 0.8100–0.8200.