Eur/Usd : 1.40 resistance

At the moment there are 2 possibilities, either wave (X) is finished allready and price is getting ready to break the 1.3493 low in wave (Y) or wave (X) is still forming. I have a slight preference for an incomplete wave (X) because more time and price make a better wave (X) compared to the size of wave (W). If this is the case, a test of the 1.40 could be in the making. At 1.40 we have of course the round number resistance, but also the 200 week moving average which is now acting as resistance and the trendline on the daily chart should also push down price should price come near it.