The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of 126.000 is highly likely.
Confirmations on the 8hr and Daily timeframe are needed in order to enter the market. The moving averages are crossed over to the upside and continuing to provide dynamic support for the Euro .
Great risk/reward ratio of 1:1.87 once all technical factors fall into place.