EUR/USD Elliott Wave: Still Consolidating 2025's RallyEuro/US DollarFX:EURUSDAlchemyMarketsEUR/USD appears to be declining in wave ((iii)) of C of (2). We are following the progression of waves ((iii)), ((iv)), and ((v)) in conjunction with the Fibonacci retracement levels to determine where this consolidation might end. Once this wave (2) finalises, then a wave (3) rally would begin. There is an alternative wave count under consideration in that the sideways price action since July 1 is a large triangle pattern. If so, then EURUSD would need to hold above 1.14. Watch the video analysis for more details.