Is the wave 4 correction complete for the EURUSD? Price looks like it's going to break downwards from here and could very well do so. However, let's wait for some kind of a pull back before going in for a short and know that this pull back can break the top at 1.15 before breaking down. If you'd like to go in for a short here placing a SL at 1.17 will be safe enough. However, there's no risk reward that's worth placing the stop loss at that level. Our bias is to the downside for a final wave 5.