Main scenario: consider short positions from corrections below the level of 1.1737 with a target of 1.1190 – 1.1000. 

Alternative scenario:  breakout and consolidation above the level of 1.1737 will allow the pair to continue rising to the levels of 1.2280 – 1.2665.

Analysis: The fifth wave of larger degree V is presumably developing on the daily chart, with wave (3) of V forming as its part.  The fifth wave of smaller degree 5 of (1) is developing on the H4 chart, with wave iii of 5 continuing forming inside.  Apparently, the third wave (iii) of iii of 5 is… Read full author’s opinion and review in blog of #LiteFinance