Technical Analysis EUR/USD Bearish Bias

FX:EURUSD   Euro / U.S. Dollar
The (4 hour) 10:00 candle bar on 06/11/2014 sharply broke below the 1.24700s resistance level , indicating a bearish market continuation.

My aim is to go short on the pair, once it tests this level which should now become support. This prediciton is backed up by an X to A 0.618 retracement on this same level, and RSI divergence on the 15 min chart.
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