As of now the bird is struggling to take out (blue). If indeed the resistance is breached on day end closing basis, we could go higher to another resistance (black). The level is seen rising to just above 0.73 in next few days and could turn out to be Leg C of the . Failure at leg C followed by a break below blue would mean the pair could drop to Leg D. Note Leg C has to reach minimum 127.2%. So we could turn lower from near 0.7250 levels as well.
The entire price action could play itself out during next couple of months or so.