The pair can fall.
On the 4-hour chart the fifth wave of the higher level 5 is developing. Locally the third wave iii of 5 of the lower level, within which the wave (iii) of iii is forming, is developing. If the assumption is correct, the price will fall to the levels of 0.9300–0.9200. The level of 0.9593 is critical for this scenario.
Main scenario
Short positions can be opened during the correction, below the level of 0.9593 with the targets at 0.9300–0.9200.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9593 will let the pair grow to the level of 0.9890.
On the 4-hour chart the fifth wave of the higher level 5 is developing. Locally the third wave iii of 5 of the lower level, within which the wave (iii) of iii is forming, is developing. If the assumption is correct, the price will fall to the levels of 0.9300–0.9200. The level of 0.9593 is critical for this scenario.
Main scenario
Short positions can be opened during the correction, below the level of 0.9593 with the targets at 0.9300–0.9200.
Alternative scenario
The breakout and the consolidation of the price above the level of 0.9593 will let the pair grow to the level of 0.9890.