The situation for this trading pair over the past day developed similarly to the EUR/USD pair. The price confidently moved downward to renew a previously set local price minimum, but upon closely approaching this level, it suddenly reversed direction and rapidly moved upward. As a result, the entire decline was not only recovered but fully absorbed by buyers.

This indicates that the correction, which is the fourth wave in the forming downward impulse, continued. This impulse is part of a zigzag pattern, within which the final wave [c] is developing. For its completion, one more downward wave is still needed.

It is likely that this decline will occur in the near future.

Recommendations: Sell 1.2670, SL 1.2695, TP 1.2570.