EURUSD on the weekly chart

After a downside sharp move that we have seen in the past few weeks, the pair has found a support and has rebounded significantly since then.

As such, we now suspect that wave D is almost complete and that the EURUSD is now trading in the final stages of wave B) running triangle, which we may see completed later this year.

Keep in mind that this B) wave is only a second leg of the corrective move lower started with the the 2008's recession So, once wave B) is done, a sharp sell-off will most probably follow in C) move, below the black wave B!