Wave E of the triangle has taken the form of a zigzag. One could also make the argument that the decline from 1.4953 is a 5 wave decline and that the larger trend has turned. Even under this scenario, price should rally to at least 1.4589-1.4670 before the next bearish leg. As long as price is above 1.4438, maintain a bullish stance. It looks as if the EURUSD could explode higher any moment now.
STRATEGY: Bullish, against 1.4364, target mid 1.50s
