EUR/USD on 11th July 2008

Analysis:Looking at the daily chart for today, I'd be looking to short this pair.
Reason:
1) AC is green
2) Stoch is green
3) Parabolic SAR on bottom
4) Above 200EMA


On the hourly chart, criteria for entry:
1) Fibo retracement about 38.1%
2) Parabolic SAR still on bottom
3) 6SMA still above 23SMA
4) Uptrend for today as seen from the daily chart


Entry price: 1.5776
Stop price: 1.5756
Target: 1.5856 (near Weekly R1 pivot)
+80pips