I agree 3740/50 looks more promising at the moment than 3900, but I think we will be rangebound for the next 2-3 days in between 3750 and 3400 zone. At least we know that we are stopping a bit for a rest and give us more relaxing shorting opportunities.
The S&P500 is also showing some retracements upwards. One indicator if you want to go long or short, is to always check the S&P500. The S&P500 and EUR in most cases give the same sentiment, and same direction. Sometimes if you are not sure about which way to go, check S&P500 and at times it moves ahead of the EUR/USD, so EUR/USD follows shortly after.
http://www.dailyfx.com has NetDania charts for the S&P500. Try any of their free charts and choose Instruments>>Indicies>>SPX500
Here is small quick analysis...
The S&P500 is also showing some retracements upwards. One indicator if you want to go long or short, is to always check the S&P500. The S&P500 and EUR in most cases give the same sentiment, and same direction. Sometimes if you are not sure about which way to go, check S&P500 and at times it moves ahead of the EUR/USD, so EUR/USD follows shortly after.
http://www.dailyfx.com has NetDania charts for the S&P500. Try any of their free charts and choose Instruments>>Indicies>>SPX500
Here is small quick analysis...