EURUSD

I have edged ahead net long for now. The momentum study has almost cycled on a hourly basis and that 1.3672 square root progression step has held firm, well above the daily pivot and just under yesterday's highs. With that spike down held up, I have to assume that some shorts got banked there on the way down and longs at the high (mine included!). However, next time around, the shorts are going to be a bit more hesitant and the longs might hold on a little longer. All seems to add up to a diagonal but perhaps an expanding one to chew through the weaker hands up top on both sides. Catching that ride up yesterday and the additional spike today has made this a very good week for me and it is likely I go into the weekend as I am now, slightly long but generally needing to lose the longs up top somewhere and let the shorts loose again. If I do not write again, have a great weekend. No report this weekend as have lecture work to prepare for the new semester.