
The pair is trading within a negative Wolfi formation, and we expect further decline towards point No. 6 of the pattern at 1.3360 levels as long as prices trade below 1.3600 levels, which is the stop loss level for the model, with the possibility of a rebound from 1.3400 levels, which are considered strong monthly pivot levels, and then a retest of the leg. The bottom of the wedge pattern shown and back again to fall in the direction of the final target.