EURUSD

I'll write more about the cyclic phasings later, but in the interim, both the 240min and daily charts still look a little early for the momentum nestings to begin. So, although I am looking for price to soften from here, there is no guarantee that big red 'C' does not become 'a' of 'C' and all we get is a 'b' wave down. If it is deep enough, my expanding diagonal thesis gets back on the table as a 'D' leg, but if not too deep, then it will be a 'b' of C'.  Of course, the cries for a wave 3 may unfold, but in that case, I'll not need to worry about much at all. In all circumstances, I am short and fading whatever happens today going into the weekend.