EURUSD Elliott Wave Analysis. Flat Correction Completed

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             has potentially completed the wave 5 of the Flat correction on the higher degree time frame which is Wave IV correction. What this means is that the down trend resumes for the EURUSD             and would break the previous lows. USDOLLAR             Index is also showing the same chart patterns of Expanded Flat correction giving confirmations. One can go short on this pair with stop loss and targets as shown on the chart. A great risk reward potential on this trade.
Please do your own analysis before taking any positions.

Happy Trading!!