EURUSD Watching closely for conclusion of corrective pattern

The first yellow area triggered the beginning of a corrective pattern. Right now we could have a running flat finished for waves 1-2 (light blue), and I´ll start taking SHORT positions if price goes back to below 1.75.

A regular flat for 1-2 (light blue) is also on the cards, if we see a quick bullish reaction back to 1.20.