As long as advances are unfolding in 5 waves, we’ll maintain a bullish bias above 1.9469.
The advance from 1.9583 counts well as a b wave correction and the preceding decline from 1.9790-1.9583 is wave a. Expect a drop below 1.9583 to complete wave c and the entire correction from 1.9790 (wave c would equal wave a at 1.9540). The larger count calls for a rally through 1.9850 and likely test of 2.00 in the coming weeks.
STRATEGY: Bullish, against 1.9469, target above 1.9850 (expect a drop below 1.9583 first though)
