I would say the triangle just broke higher and a clear abcde move but, what people don't realize is the fact that the level to be broken on the move to the upside is not given by the previous 1.3966 area but by the all important 1.3922. The reason for that is the fact that price formed a contracting triangle on the previous high and that is all that matters. In other words, now that the 1.3922 is broken, I would say 1.40 would come sooner rather than later. It remains to be seen if we have some confirmation.
