Near term, we are concentrating on the decline from 2.0396. The drop from there is choppy and does not inspire confidence in the wave 3 bearish scenario.
It is possible that the decline from 2.0396 is a leading diagonal and that a sharp 2nd wave is underway from 1.9648. The 50% and 61.8% of 2.0396-1.9647 are at 2.0021 and 2.0109. Remaining below 2.0047 keeps our most bearish count intact.