EUR/USD March 20, 2009 4h

The MACD is closed on the 4h chart. That means we are about to complete a wave A. There will be a run to 1.37 again in the form of a wave B.
Then a deeper correction is expected. Maybe even to 3241.
I labelled the wave ending at 3737 as a wave 5, but it could actually also be wave 5 of 3. If that is the case we should see another run to 1.3800 after this correction. The dollar index chart supports this theory.