EURUSD - Big picture still bullish, but pull back is likely now

11 Nis 2014

4 Hrs gives us a swing signal. A Pull back is very likely now. How deep? 1,3845-50 as minimum, but maybe even to 1,3800-1,3815 area, where we have the Kijun Sen now on both time frames. Don't forget that the main trend on higher daily time frame is still up. We need to check chart components again at 1,3815 if we get there. For now I'd say at least take partial profit on longs.

If you are a swing trader, you can enter some short (0,5 trading unit according to your position sizing scheme), with stop at 1,3905, tgt 1,3810.