Commentary: It seems likely now that a top is in place for the EURUSD at 1.4967 until at least 1.4520. The decline from 1.4967 has either completed the first leg of a flat correction (3 waves down to this point) or a more bearish structure is unfolding now and the decline from 1.4908 is wave 3 within a 5 wave bearish cycle from the top.
In the former instance, price could test 1.4967 before a larger drop. In the latter instance, price is likely to continue lower from current levels until 1.4600/15 (1.4613 is the 161.87% extension of 1.4967-1.4785/1.4908) before a bounce.
Strategy: Flat