EUR/USD update

Following the EUR/USD count, It seems evident that the triangle is complete (critical support 1.2880). Our alternate count suggests that we are still in a wave d to the upside. One rule of a triangle formation is that only one of the legs are complex and the rest are simple zigzags, in this particular case the wave B was a complex double zigzag which means that the rest of the waves should be simple which is why I'm calling this triangle complete despite wave d and e's small size relative to the rest of the triangle waves. Any how this count forcasts a move towards the 1.3400-3500 range before we can look for a turn in favor of the US dollar.

we also have a bullish slingshot on the MACD which is reverse divergence, a lower low on the MACD vs. a higher low on the price chart, this is usually a signal for a turn to the upside.

Regards,
Ahmed Farghaly