EURUSD 4.20pm

Ending Diagonal looks to have been broken but Friday afternoon in the UK does not look like much energy left thus far. Obviously the My-Wave structure today and 'below the daily pivot' position, hardly inspires longs at this stage but nevertheless, the storyboard is edging around here. If we do get the pull back here, the first port of call should be the green 32 above or the purple 16 lines. How the price action moves up to these and what happens at the juncture should help to figure out where to go from there. As always, I am led by the intra-day My-Wave from the first chart that says very clearly that what we just saw was impulsive. If we get something impulsive back up rather than corrective, we may just be in for an enjoyable ride.