This video was ineresting Elliot Wave applied to Eur and I would interpret what they are saying as that Eur/USD is in a 4th wave and that this wave could be a bit protracted and form a contracting triangle

Heres a pic from it



and try either of these links to get to the vid itself

http://www.elliottwave.com/club/prot...0U.S.%20Dollar?

http://www.elliottwave.com/features/...d=3635*time=pm