The last update of the year

The rally is hard to count but it looks like 1.34 will offer some resistance. There's a possibility that price has topped, but i prefer to see one more high into the 1.34 level. My focus remains on the red line posted yesterday which lays at 1.3497 to determine if we are in Y of WXY or in a triangle wave C. The triangle count looks good since it's laying on top of the 200 day SMA, a break of the triangle would mean a break of the 200 day SMA, both can be violent. I wish everyone a lot of good luck, a good health and a lot of happiness for 2011!