Accumulation of - Breakout of uptrend ( red ) - Bearish channel - Triple fibonacci level - Resistance zone in yellow - Pivot point monthly ( not on chart ) - Strong moving average reversal ( not on chart )
There is two targets on the chart and maybe a third one to the 38.2 retracement .
@Foralex i have been looking for this opportunity. But IMHO EU might go up till 1.1895(50% fib) or 1.1942(38.2% ideal case) in worst case 1.2 (23.6%) to spike out all the shorts.