Main scenario: consider long positions above the level of 1901.88 with a target of 2060.00 – 2100.00 after correction. Alternative scenario: breakout and consolidation below the level of 1901.88 will allow the pair to continue declining to the levels of 1865.33 – 1803.84. Analysis: on the daily chart, a downside correction presumably finished developing as the fourth wave of larger degree (4), and the fifth wave (5) is forming. Apparently, the third wave of smaller degree 3 of (5) is formed on the H4 chart, and a local correction is developing as the fourth wave 4 of (5). Wave с of 4 is nearing completion on the H1 ... (full story)