Looks like it is a wave 4 triangle...

Remember what I say. Back-to-back .786 retracements often are your tip of a forming triangle. Today's action certainly played out that way the rest of the week. Of course it also fits nicely with the back and forth usually seen during opex week. So either we finished the triangle in today's late push down or we will finish it tomorrow morning somewhere between 1102 - 1105. The projection out of the triangle isn't looking very impressive as it pratically coincides with the wave 3 top. A breakout of the dollar will of course end the rise, and it should be interesting to see what happens in the eur/usd tomorrow.

Key level on the downside to hold for the bulls: 1100
Upside resistance for the bulls begins at 1111 and goes to 1118. Wave 5 target based on the daily swing high is 1128, but it is looking like it will not get there (at least so far).