I beleive that the EURUSD is at a critical level here.On...

I beleive that the EURUSD is at a critical level here.

On intraday timespans 5 minute up through to 30 I have momentum signals suggesting up, though Hourly has room for down and if one looks at the hourly then it is not impossible that we are looking at a head and shoulders potential so a break below very recent lows and a break of support could see this pair headin back to the lows of the 26th of march

In the meantime, I have gone long, with stops below the recent low, attempting to capitalise on the intraday signals. and as suggested above, if we break I will be switching to short pretty quick.

any thoughts appreciated and I will try to get some charts up in half an hour or so

;)