EURUSD reached its target around 1.40 (as noted here) when the uptrend finished (as noted here). The major pushed beyond resistance but quickly pulled back and consolidated around 1.40 level. The corrective 4th wave of the bigger impulsive 3rd wave (more appropriately relabeled C since the move up from 1.1872 is still viewed as an ABC correction of the larger previous fall) didn't occur around 1.35 (as noted here) but may have occurred in the triangle consolidation around 1.40 (chart above).
The breakout to the upside of the mentioned triangle took the major in the 5th impulsive wave of the bigger C fulfilling the breakout target and the symmetry with the 1st impulsive wave of the bigger C. This move should complete the ABC correction of the fall from November 2009 high (around 1.51) and the downtrend may resume. Bellow 1.37 it may target 1.33 - 1.35 area and a move beyond 1.43 would negate this Elliott wave count and may head higher towards the previous high (around 1.51).
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