We had rather unexpected move in EUR/USD. It declined as suppose to, but then imediately go up - a spike.

On the chart we have "what suppose to be" part of the triangle - in blue. I said what suppose to be, becaus is drawn "freehand". Anyway, the line is somewhere there.

The channel from previous post - in pink was totaly broken today. Seems there are a new channel forming, still downtrend. The support (brown line) is the medium term suppoer of the declining channel back to 20.APR.2007, and the upper boundary is a new line (again brown), parallel to the support and medium term resistance - upper boundary of the triangle.

So what now?
A decline to 1.3422 then go to upper boundary of the triangle 1.3560. Those moves mus not be sharp, but we will see. Then probably raise to 1.36++. This decline and raise must occure this week or next.

For no reason, I expect the decline today evening or tomorrow morning in USA and Asia sessions.