Euro Reverses Ending Diagonal

[B]Commentary[/B]: We wrote yesterday that “the two near term moves that we view as having the highest probabilities are, 1.) that an ending diagonal is unfolding from 1.3752?the EURUSD will spike through the 1.3843 before reversing and trading to at least 1.3752.”

The EURUSD spiked to 1.3852 beforfe reversing and trading to 1.3724 this morning. Price has fully retraced the ending diagonal and found support, which gives scope to a continuation of the uptrend in wave 5.

[B]Strategy[/B]: Flat