On the H4 chart a downtrend within the third wave 3 of the higher level is developing. Locally the third wave of the lower level iii of 3 was completed. The pair may continue its corrective growth to the level of 0.9794. The level of 0.9600 is critical for this scenario.
Buy during the corrections, above the level of 0.9600 with the target of 0.9794.
Breakdown of the level of 0.9600 will allow the pair to continue the decline to the levels of 0.9550-0.9500.
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