EURUSD

This is getting a little frustrating, not breaking one way or another. In theory, the choppy chop chop is usually a signature of a correction and the obvious target is the rolling 20day sma, centre to the daily bollinger on standard settings (see green/blue bands and median). However, the contrary stance is that the grind down is in fact a leading diagonal, starting to look more like the pattern in play, due to the lack of a break up and the ongoing test of that 1.3600 line. But, the momentum study continues to diverge, suggesting this will get a spike up. The main issue for me is that there is less and less room in the study for this spike to occur without resetting itself, so my plan stays the same. Any spike up into the 1.3720+ zone will be banked and then the fall into next week's low watched for clarification on the ongoing pattern in play.