22-3 head and shoulders

There is a Head & Shoulders pattern on 1 hour chart which could lead to target price of 1.3080, there is also larger scale head & shoulders on 4 hour timeframe which could lead to further down fall of EUR, to 1.2600

Look at chart from yesterday to see 4 hour head and shoulders pattern.

21-3 EURUSD still on up side

EURUSD is near 1.33 and could penetrate it and go up to 1.3320, there should be some heavy resistance and pullback could occur. Anyway divergence on MACD is still there and is warning us about possible pullback.

One other possibility is big head and shoulders on 4 hour chart, and we are near second shoulder, take a look at second picture.

I can't give some clear entry signals as there are none, just be careful and there is a possible sell on its way, but it is still too early to talk about selling.

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20-3 Up?

EURUSD has gone straight p without significant pull back, until we see otherwise I will presume it will go further up, there is some MACD divergence which shows we are near the top!

I presume it will go up to 1.3310 and than encounter significant resistance and could go for some pullback, so until price reaches 1.3310 there is no selling for me.
What about buying? I would buy close to 1.3200 in other words range from 1.3210-1.3230 could work with stop around 1.3190.

19-3 on the rise

EURUSD is going up, but today it will probably show some pull back to 1.310 area if it stops there we could have nice head and shoulders pattern (inverse) meaning that EUR could go as high as 1.33
It is also good to know that right shoulder is exactly 0.618 Fibonacci retracement of las move up, and if it will go up is shouldn't close below.

anyway, big risk would be to enter short and ride it to 1.310 area, and lower risk would be to wait until it hits 1.3100 or 10 pips lower and to enter long with 40 pips stop and target of 1.3290

15-03 retracement

EURUSD will probably show some retracement today up to 1.3120, when it gets there if there are signs of reversal to down trend again. I will use it.
Signs like double top, MACD divergence !!

I don't have much time, but there is some explanation on
http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/19275-eur-usd-daily-video-march-15-2012-a.html

14-3 no entry today

EURUSD is bearish, but still very uncertain, anyway there should be a lot of support and stalling reaching 1.2900-1.3000 area so there should be some new signals there.

Today only possible entry would be to enter short with stop above 1.3127 but this is a large stop and I don't like it.

13.3. more retracement

EURUSD retraced more than I anticipated, anyway it is still in sell zone, as long it is below 61.8 fibo level.
If bar closes below 31 fibo level or 23 this is a sell signal with stop above recent high !
Target would be around 1.2970-1.2780