FX:EURUSD   Euro / U.S. Dollar
In my opinion we will have here good Head and Shoulders pattern.
Now price is on bearish move and it's going to retest neck line between 1.2065 - 1.1940.
There is more reason to go short from this level.
For example 0.5 - 0.618 fibonacci retracement .
We can not forget that we are in big down trend since July 2008 which is another reason to go short.

For me only if price will break 1.24 - 1.22 area we will can look for long oportunity in long term.

R/r = 1:2.84

Enter: 1.198
SL: 1.225
TP: 1.12


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