This is weekly chart for EURUSD. I am counting a double three correction in progress in EURUSD from the important low marked in the lower left corner of the chart. We may have completed 4 waves of the triangle formation in wave {Y}, and the current rise seems to be wave E of {Y}. There is a possibility that wave E might become more complex, but the resistance zone for wave E comes in the range of 1.3422 to 1.3688. I would be very cautious if we reach this level. The normal action point for a triangle is the break of trend line B-D, but since this is a weekly chart, I would like to look for reversal patterns on lower fractals once we reach the said resistance zone.
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