Longer term I am still very bullish on the EURUSD, you can check my general view on previously published chart at this link:-
. However in the short term the price action are difficult to anticipated. Nevertheless EURUSD has retraced little more that 38.2% of the July 1012 low to Feb 2013 high and is at Jan & Feb 2012 support level. On Hourly has potential RSI divergence developing and is in final swing down to reflect the structure of the wave (a) labeled on my chart which has 5 swings. If so I would expect either the end of the correction and new uptrend to resume or more sideways congestion in which case at least 50% retracement to 1.3450 could be anticipated. This might also be in sync with the possible top in the Dollar Index see chart below.
