EURO pairs & flip flops

EURUSD  - short now
My Resistance 2 (R2=1.3850) held for two days and it was starting to look like double top on 4H chart till it did not & was successfully broken with bullish engulfing candle & retested. Now Euro reached R3 (1.3946/66) target courtesy of Trichet & is now hitting on another weekly downtrendline. This is a very good point to play short according to scenario B. Euro should at least test the daily uptrendline or 1.3870 area as a target. One way i will know scenario b is not valid anymore is when it closes above this weekly trendline. Then, the  target will be R4 area of 1.4140/50. By the way, NFP is today so exercise care.

EURCAD - wait
This one was a tough cooky & i found myself flip flopping & plain wrong: it rallied out of the bullish flag turning me bullish, then came back right into it turning me bearish. But now it is sitting almost above the downtrendline of a falling wedge (very bullish on a close above), is in the process of approaching the neckline of inverted head & shoulders pattern (bullish on a breakout of the neckline) but it is still within a triangle (waiting mode) on dailies. Anyhow, i want to see a close above 1.3600 to get tentatively bullish again & above triangle to be totally bull. On weekly charts, we have bullish engulfing candle in formation as long as it keeps around its current level of 1.3575.

EURAUD - buy the downtrendline test
On weeklies this pair closed above weekly downtrendline & it makes me at least medium term bull as mentioned in the earlier post. Short term it was within a symmetrical triangle & i felt it was going down to test the weekly downtrendline first. Instead, it closed above triangle & says it is in the up only mood. The triangle gives me a target of 570 pips to 1.4330 from current 1.3760 level. Expect resistance (i.e. quick short term short plays) at previous 1.3870-1.3900 areas. Tradewise, stop loss is difficult to pinpoint but I am happy as long as it does not close below 1.36700. A test of 1.3720/30 is a buy.

EURGBP - buy
Bullish Case:
1. It closed above daily triangle which gives a target of 710 pips to 0.9288 from 0.8578.
2. On a 2nd look i noticed weekly inverted H&S and a weekly close above 0.8585 gives a target of almost 300 pips to 0.8885
3. Also this H&S pattern is so far 16 week consolidation formation which i call boxes. Previous such consolidation formation (but not H&S) broke out of the range in week 16 and exceeded the 300pips target by approximately 80pips
4. Finally, it broke above the first weekly downtrendline at 0.8533

Bearish Case:
However, the pair is still within a weekly downtrend channel which comes currently at 0.8750

How do i reconcile these opposite views? The obvious play is to long to target 0.8750 area first and if it behaves well afterwards, then aim for 0.8885 if not much higher.So, buy now or anywhere up to 0.8550 level  (downtrendline & previous swing high support) based on the current close above daily triangle. If it manages to close above 0.8585 on a weekly basis, it is even better. When it comes to stop loss i would be worried if it closes below 0.8527 on a daily basis.