Commentary: The double zigzag count that we proposed yesterday seems to be the correct count. We wrote yesterday that "if this is the case (double zigzag), then price will exceed 2.0494 before a reversal.
All of the corrective action from the July high at 2.0654 suggests that a triangle or flat is unfolding. This is now our favored outlook so rallies should be sold against 2.0654 once 2.0494 is broken. Strategy: Flat