The fall started from 2.0396 is corrective upon me. My working count for it is presented on the chart and I think that it developed as a double corrective combination which ends with a triangle. If this idea is correct the down move should be over yesterday at 1.9776 and we should be currently in the beginning of a very strong rise in wave C for a high above 2.0396. A key support is 1.9830
Trading strategy: 05:21 EST; 09:21 GMT
Long position from 1.9809, move the stop loss from 1.9715 to 1.9829, target - open
Addition to the long position from 1.9854, move the stop loss from 1.9775 to 1.9829, target - open
Confidence level â€“high
This analysis has only informational and educational purpose and does not represent a proposal for buying or selling currency contracts.