The following chart shows the EU 1 hour. Price has been stuck in this tight trading range for almost 24 hours.
The cup and handle pattern forming is nothing new to the Asian session-- it is quite common. I am expecting a breakout sometime either before London or just after the start of the session. It will be the third push up to form the upper line of the 1-hour triangle.
Profit target at around 1.18500. Wait for breakout of the range. The 15-minute candle close is the minimum, with the 1 hour close being ideal.