In the daily time frame, it is assumed that the declining wave A has ended at the senior level and the fifth wave (5) has been created in А as part of it. In the period of 4 hours, the rising wave B starts to form and the first wave with the opposite direction (countertrend) is created at the junior level, i.e. 1 in (A) in B as part of it. On the 1-hour time frame, wave iii at 1 is growing, and the internal corrective move (iv) at iii has ended as part of that. Wave (v) in iii is currently growing. If the proposed assumptions are correct, the pair index will continue its upward movement towards the levels of 1.0745 to 1.0618. In this scenario, the level of 1.0288 is very important, and its failure will allow the pair to continue its downward movement towards the range of 0.9717 to 0.9928.