The pair is in a correction, a fall is possible.
On the daily chart, the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 has formed, an upward correction of the lower level has developed as the wave b of 2, and the wave c of 2 is forming, within which the wave (iii) of c has formed, and the local correction (iv) of c is developing. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.1700–1.1601. In this scenario, critical stop loss level is 1.2031.
On the daily chart, the first wave of the higher level 1 of (3) developed, and a downward correction forms as the second wave 2 of (3). Now, the wave a of 2 has formed, an upward correction of the lower level has developed as the wave b of 2, and the wave c of 2 is forming, within which the wave (iii) of c has formed, and the local correction (iv) of c is developing. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.1700–1.1601. In this scenario, critical stop loss level is 1.2031.