I'm in at .7906 with a 23 pip STOP at .7928.
Target initially will be the 200 on M15 at .7838 but this trade will need to be managed if it makes progress.
With GBP generally firmer across the board and EUR weaker, there's optimism that this trade may make progress from here. Initial target remains the 200 sma on H1 at .78 area but there's a possibility that this could be a major trend reversal and we could see EUR heading for .73 area.
The BULLS have refused to concede defeat and have doggedly pushed the price back to previous levels but now it looks as if all resistance has crumbled.
I'm still SHORT from .7906 and this trade has a slightly better than break even STOP.
I'm still looking at .7300 area for this trade but much depends on news over the next week or so.