Assumingly, wave c of 2 of the higher level continues developing. Locally, the third wave (iii) seems to have started developing, within which a starting wave of the lower level i of (iii) has formed and an upward correction ii of (iii) is nearing the end. If the assumption is correct, the pair is expected to continue falling towards 0.7434-0.7335 after the correction ends. Critical for this scenario is the level of 0.7700.
Trading tips
Sell the pair below the level of 0.7700 with the target at 0.7434-0.7335.
Alternative scenario
The breakout and consolidation above the level of 0.7700 would allow the pair to grow to 0.7900-0.8000.
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