Not sure I agree on a retrace between 1.7 -2c, I think at worst 2-2.2 hopefully 2.2 or maybe we are already at the bottom.
Ist retrace was to 1.4 then 1.7 so I feel a support of 2.2 to be in line and a 1.7 to be bearish.
But once the conformation comes in then I think a new high is on the cards. IMO
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