I presented you with the idea of a flat EUR/USD correction being in progress. This can be an expanded flat correction as wave b) fell to a new extreme. The pattern is still not complete at the moment, but it shall be once wave c) unfolds in five waves back to the 1.3730-1.3750 zone. If the rally from the latest low is in only three subwaves and not five, then the pair can also be forming a running triangle. In either case, we see EUR/USD moving sideways within an incomplete corrective move. Consequently, we do not expect any break down soon.