EURUSD Direction Unclear

[B]My picks:[/B] still short EURUSD, place order to exit at 1.3970, stop still at 1.4140
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades:[/B]

The bearish count remains valid against 1.4140 but failure to trade lower last week seriously dampens bearish confidence. The ending diagonal count looks more probable at this point. A drop below 1.3983 is possible near term in order to complete a small correction from 1.4118 and the bullish count is valid against 1.3888. Until a break of one of the mentioned levels, the EURUSD is in a state of limbo. Place an order to exit the short at 1.3970 (keep the stop at 1.4140 though). I may actually go long soon as a break from the recent consolidation could be powerful.