The 4th wave correction in the EURUSD is likely complete. The top is close to parallel channel resistance as well as the 38.2 retracement of the decline from 14583 (common end points for 4th waves). The decline from 13822 has extended below 13530 and is sharp. Expectations are for a small 2nd wave to bring price back to resistance at 13550-13585. A rally presents an opportunity to short against the larger 4th wave high in anticipation of a break to a 2010 low and an extended decline into the low 12000s.