A downward trend is strong. Locally, the pair is in a correction.
Assumingly, a descending impulse within the third wave iii of C continues forming. Locally, the first wave of the junior level (i) of iii seems to have ended, and an upward correction as wave (ii) is forming. If the assumption is correct, the pair continues falling to 0.9500 after the correction ends. A critical for this scenario is the level of 1.0254.