1) neckline is broken. In this case, we are in for a longterm uptrend (TP targets would be identified later). I would recommend buying into this trend after a brief retrace to around the 1.08000 level (psychological support after breakthrough).
2) Continuation of trend within the symmetrical triangle. In my opinion, this is the more rational scenario given Eurozone instability (Brexit, elections) and U.S. strength. Also, my and techs indicate a potential reversal. This is a medium-term downtrend to a TP at 1.06000 (again, a nice psychological level).
Symmetrical triangles are traditionally neutral in nature, so I wouldn't be surprised if the lower acts as support for a up. I'll be monitoring this and will provide updates to my idea.
Thanks for your comment, Pipgroove. Well, we're on a precipice of big (though not unexpected) news regarding Article 50. Certainly be cautious when entering a position that favors the increase value of the Euro. That being said, I now have a sl at 1.07450. Regarding a tp, I'm relatively conservative, judging by the price you mentioned. I'm targeting 1.09300 (tp1) then 1.09500 (tp2). 1.093 is roughly where the 0.618 fib lies (calculated from the high point after Trump's election, to the lowest low between then and now). 1.095 is a resistance area based on past price action.
I hope your trade works out for you!
Well, as I was writing this, the price cracked that resistance zone. I'll keep monitoring this, but that's why I mentioned Article 50. It will be a highly volatile day. Good luck.