While I agree to an extent with Pip Devil I am going to long after his short.
I apologize for the multiple Charts but it tells you why 
Entry Point: In Demand Zone with appropriate Bullish Price action (preferably an engulfing pattern)
Stop Loss: Based upon entry - Usually at the end of a pin or the reaction to Demand.
Profit Target: Next Present Supply Zone (currently 1.4465)
Risk:Reward: Depending on SL 2:1 or 3:1 never less.
Risk Percentage: 1%
Indicators Used: None
EUR Exploded above a previous level of Supply with the Biggest Bull candle seen in quite a while. This leads me to continue my weakening Dollar Bias.
EUR2.bmp (1.01 MB)
EUR1.bmp (949 KB)