The euro is inside a triangle since 2005. Each of the movements between the triangle support and resistance lines, was in seven or even 3 subwaves, indiing the lack of volatility in the pair. A triangle have five waves, A-B-C-D-E, and also the E wave possibly finished the past 17 at 1.2205. If this is right, and also the E wave isn't a intrie double zig zag as the alternate counting states, a new down tendency to 1.12 is close to us waiting to be confirmed using the brake of the triangle support line as daily picture shows.