$2 is no far , page-133

My opinion is still as per my post this morning Purav, based around the activity on the candle of 7th May, so on the downside that you speak of, it needs to first break 1.505 and 1.47 to be looking at the downside. If that occurs, then your test of 1.315 would be the next focal point. I find that an important confirmed support line . If it hits that, then I would be looking at a trade opportunity, but there is no need to get ahead of myself here. The 138.2%fib also is a hit at the 1.315.
Thats assuming all OK on the US markets tonight of course. I will be assessing trade on Monday, if price breaks 1.57, then that would be a second higher high, and the trend changing. As price is currently in a mid zone, I cannot be more positive at this time on direction, especially as we have a 40c'ish range it could move in, and we are at some interesting chart positions on the US indicies.