[B]Commentary[/B]: The EURUSD remains below 1.3843 (yesterday?s high) before pulling back to the 1.3800 figure. The two near term moves that we view as having the highest probabilities are, 1.) that an ending diagonal is unfolding from 1.3752 and 2.) that a flat is unfolding from 1.3752. In the first instance, the EURUSD will spike through the 1.3843 before reversing and trading to at least 1.3752.
In the second instance, the pair will continue lower from current levels and initial support is just below 1.3752. We are showing the flat scenario on the chart.
[B]Strategy[/B]: Flat