A growth in the pair is expected.
Assumingly, the fifth wave of the senior level 5 has finished forming. Locally, a starting wave (i) in a shape of a wedge seemed to have formed. If the assumption is correct and the price does not break the critical level of 0.6940, after local correction ends the pair continues growing towards 0.7400.
Trading tips
Buy the pair above the level of 0.6940 with the target at 0.7400.
Alternative scenario
The breakdown and consolidation below the level of 0.6940 would allow the pair to fall to 0.6800, 0.6700.