EURUSD

Covering the longs last night near the highs has thus far turned out to be the right course of action. There is a lack of impulsiveness in both directions at the moment but the 'abc' thus far since Monday does not inspire confidence that the move up is on quite yet. I found this expanding diagonal possibility on the 12 pip range bar chart, to add into the obvious contracting diagonal everywhere else. Either way, a move down to the annual pivot and maybe down past it a bit would make sense in both scenarios (spike out of contracting and creating the longest leg in an expanding), so I am keeping my cover in pace until something exciting happens and hopefully not to the upside quite yet!