After three failed attempts to break 1.40 and what looked like a triple top the surprise tightening by Singapore tonight (widening of the trading band for the SGD ~ allowing it to appreciate vs the USD) has spurred a big jump in risk and EURUSD has made a run on the stops above 1.40. There must have been a bunch of stops because the move is a biggie blasting it out of the rising channel and the triangle consolidation and straight through the 0.618fib retracement. USDCAD also has pierced the parity level and the dollar is being sold across the board.
1.40 should be support now for EURUSD and the top of the triangle breakout.
Well almost at the bottom of the big weekly wedge which looks to be about 76.00 - 76.50 so the price action here will be interesting and once we have tested this trendline and see if it breaks or is support then we can look at the dollar crosses.