EURUSD

It was a hard decision to ditch my shorts yesterday, especially with the overbought momentum position. However, the pair continues to deceive at every turn with running flats and shallow retracements. Price has made it above the speedline calc'd off the first move up from 1.3294, but does seem to be coming towards the end of a retracement, having actually moved uphill. I have drawn a parallel channel around the speedline with the depth measured by the 'a' wave up, and the projection at 1.3900 ish is the same as the pyrapoint study posted earlier. I have topped up my longs this morning with stops under 1.3739, and hope to bank the lot north of 1.3900 as wave 3 comes to a conclusion. If we could see an ending diagonal into that channel top to eek out as much as possible, that would be great. If 1.3739 breaks, then I will have to relook again.