Expansion underway. Testing bottom of expansion. Could range from +50 pips, +100 pips, or +150 pips. I do expect this pair to fall and, at the bare minimum, test the support region. However, I do believe in round numbers. 1.27500, 1.27000 and 1.26600 are the areas I would be looking to take profit (Depending on if my oscillator agrees or not). Note that this expansion is not complete! Price projection will most likely reach a near the previous high to complete cycle. Afterwards, cycle could possibly trade bearish. This is really confusing because on the lower degree, expansion is taking relatively long. On a more macro view, you can see that this is Wave A. Can Wave A test the support level and then create the new Wave B? Just by looking at it, Wave B can be up to +500 pips. but that will take days to complete.