Main scenario: consider short positions from corrections below the level of 131.25 with a target of 124.50 – 122.50. Alternative scenario: breakout and consolidation above the level of 131.25 will allow the pair to continue rising to the levels of 135.00 – 140.00. Analysis: The third wave of larger degree (3) continues developing on the daily chart, with wave 3 of (3) forming inside. On the H4 chart, the third wave of smaller degree iii of 3 looks completed and a corrective wave iv of 3 started developing. Wave (а) of iv appears to be unfolding on the H1 chart. If the presumption is correct, the pair will ... (full story)