Commentary: 1.9530 has been our bearish target as the 161.8% extension of 2.1160-2.0353/2.0831 is at 1.9525. Still, the decline from 2.0101 does not look complete. The decline from 2.0101 is in its 3rd wave and has the potential to 1.9119, which happens to intersect with the March lows of 2007 at 1.9182. This bearish bias holds as long as price is below 1.9848. Strategy: Bearish, move risk to 1.9848 (from 2.0101), move target from 1.9530 to 1.9150.