The pair broke the downtrend line and it bounce in 89.81 (1 fibo ext).
The pair broke the up level of the inside downtrend channel and it seems that the target will be 1.26220 - 1.26306 area (the up level of the outside downtrend channel, fibo retr. 0.618 and wave v of (v) of 2).
There is a strong possibility to have a flat correction and in 1282 area, will be the target of the first leg of wave (c) of {b}. In this case the final target of wave {b} will be 1310 area. Will see......
It seems that wave B(or 2) is over and now we expect to break some key levels, for taking long positions.
It seems that wave b or ii has been formed and soon will start wave c or iii.