Price action since 1.35 is a 4th wave that will end as either a triangle or flat. I wrote last week that “since it looks as though the EURUSD long term decline has resumed, a triangle (see arrows) is more likely. IF a triangle is underway, then wave D is working lower towards 1.40 now.” The recent rally brings the flat scenario back into the picture. Still, even a small correction, back to at least 1.4650, seems likely.
