Hi, like to share my view on EURUSD. The formation of the price could be a Contracting Triangle which consists of 3-3-3-3-3 wave formation. The current move is forming wave D(yellow). We've to see how they will form wave D(yellow). The price could just going down to finish wave D(yellow), but this drop may be just a part of wave D(yellow)too. As they might just finish wave a(pink) and they will be going up to wave b(pink); And can also heading to wave E(yellow). So, dig into shorter time-frame and look for the pink line support on what could be the next possible short term trend. EURUSD 2008-12-01 Contracting Triangle Happy Trading! Cheers!