We really do not have much to add, as we continue to watch for a move lower and ultimately a downside thrust out of the triangle.
In the short term, we would like to see a break below minor support at 136.04, which will be the first good indication that wave iii lower is developing for a decline to at least 132.98. A decline below 133.11 is likely to confirm the downside thrust and call for a decline to below 126.05 in the longer term.
It will take a break above minor resistance at 136.48 to invalidate our bearish count, but a break above 137.44 will be needed to invalidate the bearish outlook altogether.
We are short EUR from 135.95 and have lowered the stop to 136.50. If you are not short EUR yet, then sell EUR near 135.79 or upon a break below 135.04 and use the same stop at 136.50