The recent bounce in the EURUSD must be squeezing some shorts as most are positioned that way. There should be some big stops around that 1.12 figure as the market spiked near there recently. Bit of a contrarian trade as I think a lot of people will be happy shorting the EURUSD around current levels as it looks like its near the top of the range
Buy EURUSD around 1.1165, Stops @ 1.1145, Target @ 1.12