Price action since 1.35 is a 4th wave that will end as either a triangle or flat. IF a triangle is underway, then wave D is working lower towards 1.40 now. With price so close to the top of the range, confidence is low in the triangle at this point. Trading above 1.4962 could lead to a strong break out rally. This is at odds with the bearish EURUSD structure but markets do tricky things.
