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.