The pair is in a correction and still may grow.
Assumingly, a formation of the first starting wave i within an expected upward trend has finished. Locally, a correction as the second wave ii seems to be forming. If the assumption is correct and the price does not break down the critical level of 0.6908, after the correction, the pair continues growing to 0.7400-0.7500.
Trading tips
Wait for the correction to finish and buy the pair above the level of 0.6908 with the target at 0.7400-0.7500.
Alternative scenario
The breakdown and consolidation below the level of 0.6908 would allow the pair to decline further to 0.6800-0.6700.