The rally from 1.9337 to 1.9957 is a 5 wave advance and is probably wave A within the A-B-C corrective rally. It is possible that a B wave low is in place at 1.9626. However, B waves are notoriously tricky and usually not as clear as the drop from 1.9957 is now. This has us thinking that a triangle or larger flat will occur before the wave C advance towards 2.00.
Al Bawaba
