EUR/USD - Still in no mans land...

In the bigger picture I still regard the current cosolidation as part of the bigger [E] wave, if this is the case, the we should see a break below 141.01 and more importantly 140.71 soon. That should open up the downside for a decline towards 128.71 - 129.64 area.
There is an alternate count, which I have labled in red, which has the price action since the low at 123.28 in late October 2008 as an expanding flat correction. If this is the case we need one more new high to end wave [B] and the current consolidation is most likely a triangle, and wave E of that triangle could have finished with the 142.19 yesterday. A break above 145.77 and more importantly 146.95 will tilt the odds in favor of this scenario, and a rally towards 155.97.