Price is reached to the 1.14363 level as it was expected. It seems that we have a bearish trend in order for c-wave of flat to be completed. 1.2732 level is important as it is 100% Retracement of b-wave and 161.8% Extension of 1st-wave. But we have to expect that price reach to the 1.12567 level in order to complete Y-wave of larger degree. Notice that price could have an short uptrend, probably to the 1.13927 level or even more before going downwards.