We maintain that a larger B wave may be complete in the form of a double zigzag. Expectations are for price to exceed 1.9957 in the coming weeks in wave C within the A-B-C rally from 1.9337. Very short term, the advance from 1.9386 could be a series of 1st and 2nd waves, so an ‘explosion’ higher this week seems possible if not likely.
STRATEGY: Bullish, against 1.9386, target above 1.9957
