It seems that the up trend continues and a wave recount is necessary.
It seems that the correction has finished and wave {v} has started.
Above 1.07828 is invalid wave and we will change the counting.
It's likely that we are in wave {i} of c. Wait to see wave {ii} to form and then in the next candle with long body, we shall trade wave {iii}, the longest from all. The local correction continues.
It is likely to have a triangle pattern consolidation (abcde)
We do not forget that the trend is our the best friend and we are in locale correction, because the middle term trend is bullish . These are potential targets for this pair and nothing more.
it's likely bears lost momentum but the possibility to see more downtrend in 11825 area, it's still in play.
If brakes the down side of the wedge, the correction will continue ((iv) wave)
It's likely going to continue wave {ii}, with a zig zag (ab=cd)
After a flat correction (abc), it seems that bears are delivered again.