My working count suggests that the fall started from 2.0049 is wave C. We are currently in wave 4 of C so one should expect a new fall later in wave 5 of C. A key resistance is 1.9832 (the end of wave 1). A key support is todays low 1.9647
Trading strategy: 09:57 EST; 14:57 GMT
Short position from 1.9947, stop profit - 1.9840, target - 1.9370
Confidence level high
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.