EUR_USD H4 10/18/2012

With Daily DT Osc in OB zone, the price is near the top if not complete yesterday. A "Head & Shoulders" pattern should be completed in the next few hours. That is a bearish warning. I expect a down movement below  1.301 level in the next days.

EUR_USD H1 10/16/2012

In TF H1 the price is near the strong resistance line. With H4 DT Osc bearish reversal and H1 oscillators bearish, the net trend should be sideways to down in the next few hours. I expect a declination to around 1.2995. Short position must follow a decrease below previous Low in this TF. Another option is to trade below minor swing low as lomg as oscillators are bearish but no in the OS zone.

EUR_USD H4 10/15/2012

The price hit the target area but the reaction has been a positive one. With Daily and H4 oscillatorsbullish, the pressure on resistance has increased considerably. The upper median line is still in place. Traders must be wait for a break of resistance before considering Long positions.

EUR_USD H4 10/012/2012

The price is in a strong resistance zone. With H4 Stoch bearish reversal the net trend should be sideways to down. The 1.2992 level may be a local top for the next few hours. I expect a depreciation towards wave 4 level (1.291-1.292). Traders should wait for the next for the next Stoch or DT Osc bearish reversal (60M TF) before considering Short positions.

EUR_USD H4 10/11/2012

Wave "4" is now completely. Typical target for wave "5" is 1.2767-12786. Till then I wait DT Osc in OS zone. After that traders should wait for Long positions for a potential rally to 1.295 level. May be a good opportunity in the coming hours!

EUR_USD H4 10/08/2012

The wave "C" is clearly finished. For the next few trading hours the net trend should be sideways to down. A new test of ret. 50% is possible while Stoch is bearish and not in OS zone. I expect new bearish movement in this week, but, still then, Long conditions may occur. Wait patiently.

EUR_USD H4 10/5/2012

Friday's High is in the strong resistance zone. The typical "abc" pattern is also there. With Stoch bearish revesal and "Dark Cloud Cover" candlestick pattern, the net trend should be sideways to down in the next few trading hours if not days. Traders should wait for the next 60M oscillator bearish reversal before considering Short positions. I expect a 1.297 test level in the early next week.