EU has been just trickling downwards for a long time now and in this scenario it is more likely for there to be a bullish move after a pattern like this.
It is alos apporaching a VERY long term trend line which would be confirmed at the third touch if we get a bullish move.
It is also venturing very close to the bottom of a bear flag and the 1.08500 horizontal support.
I am ideally looking for longs to that level atleast up to 1.12 level