For this currency pair at the moment, the most probable scenarios are for the development of a triangle for wave (X) or upward development for wave C, which is in a very early stage. A critical point for both scenarios is the bottom of wave B / X.
Here I expect after the correction for wave B / X is completed one more bullish wave to develop.
With this currency pair, it is likely that the B or X wave is already completed as a double Zig-Zag. Confirmation will be a break of 0.7310.
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