The uptrend is in force.
Assumingly, a formation of the third wave of the senior level iii of 5 continues. Locally, as it seems, the third wave of the junior level (iii) of iii is forming, within which the impetus elongation is developing. If the assumption is correct and the price does not break through the critical level of 1.2900, the pair continues growing towards 1.3200-1.3300.
Trading tips
Buy the pair above 1.2900 with the target at 1.3200-1.3300.
Alternative Scenario
The breakout and consolidation below 1.2900 would allow the pair to continue declining towards 1.2600.