Here are some more possible scenarios for the EUR/USD pair.
The above chart shows a regular flat forming with an unorthodox wave C being only 61.8% of wave A. This is not an uncommon occurrence in FX markets and fits in with the rising trend line support holding.
The above chart shows a possible triangle scenario unfolding. Once again the rising trend line support will play an important role in keeping price action up. Both of these scenarios are possibilities, although I favour the scenario from my previous charts (see below) where wave C slices through the support line and drops to the 1.45 area.
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