In the support zone

It looks like the support zone is holding for now. The rally from the low at 1.3427 is in 3 waves, which can mean 2 things, either the decline isn't finished yet and we get a test of the 100% fib extention level or the wave Y rally has started ( wave Y is a 3 wave corrective wave part of a bigger correction which starts with 3 waves even on the smallest degree ).