The pair is bullish but i think its with some hidden agenda..well..let's go back to the chart. As of last weekend, I was quite bearish about EURUSD if it hits the descending triangle at 1.30 trendline. But look at the BIG fat green candle, it was too bullish to initiate any short position. Moving on on the daily chart, there might be a formation of wave 5 in this up leg. This wave 5 might end somewhere 1.3195 to 1.3220. These levels are determined as Wave 5 is normally equal to wave 1.The time point to note now is at 23 oct which is 76 days from the start of this up leg on 25 jul and it is also 29 d from the peak at 17 sep. This time point if conincide with the price level as mentioned should be a good short entry. Note that indicator are also setting up a bearish divergences.

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