The chart shows my working count. I think that the fall started from 1.9964 is the last wave C down and we should see a reversal i.e. a fast move above 1.9964 till the end of the week. If this comes true, one should expect further rise to 2.0100 first. A key support is 1.9690 which is 61.8 % retracement of today’s rise.
Trading strategy:10:55 EST; 15:55 GMT
Long position from 1.9690, move the stop loss from 1.9620 to 1.9680, target - open
Confidence level – high
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.