The wave pattern of the H4 graph:

The upward trend of the pair is counting from the middle of February. In the structure of the wave in the last 2 months, there was the formation of the middle part (B).

The wave pattern of the H1 graph:

The downward wave model of May 10 formed a plane on the graph. The structure of the wave is not yet complete. The wave has a limited downward potential in the region of one and a half price figures from the current price values.

The wave pattern of the M15 chart:

The wave level of the bearish wave started on June 15, which exceeded the scale of the previous rise. The wave reached the nearest potential turn zone. Further, an upward rollback to correction (B) is expected.

Recommended trading strategy:

Traders on the support of higher timeframes should for the corrective wave to be completed. For the trade within the upcoming week, short-term purchases can be relevant.

Resistance zones:

- 1.0030 / 1.0080

Support zones:

- 0.9840 / 0.9890

Explanations to the figures:

A simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (ABC). The last incomplete wave for every time frame is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the counting of wave according to the technique used by the author. The solid background shows the generated structure and the dotted exhibits the expected wave motion.

Attention: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need to confirm the signals used by your trading systems.