I do have some reservations about too large of an upswing here. If eur/usd can't hold above this 1.29 figure it might drop down to 1.2750 which is 38% retracement of its upswing that started around the end of august
EUR certainly must reach for the 2750 level for the 38.2% of the daily fib, which also matches the 61.8% of the smaller one, I agree.
I actually described it on my previous analysis and I surely prefer to buy it on that level...
I'm not optimistic on buying swings without a 38.2% minimum retrace, and you're right about this, but it's pretty clear for me we're getting some bullish movement for the moment, maybe not yearly highs, but yet highs.