EUR/USD is now starting its H&S Formation regardless whatever type of wave is going on. Well, Since 4-C Final wave 5 had already started. 1.05168---1.14646 looks like wave 5-2-ABCDE (which is an ascending type).
If H&S neckline (recently 1.04618) will be breached, the target would be 0.9210. Its First indication should be a breakdown of extended Green Channel bottom Line. (1.1245 today)