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.