Euro Long Term Bullish for 1.1850

Euro touched the channel boundary at 1.05 in March 2015 after which it moved in bullish consolation phase on monthly chart. Technically speaking it seems that currency is ready to break this phase and likely to start bullish trend soon. I think a long trade is logical for long term opportunity seeker with stop below 1.0820 for first target around1.1850.

The successful breach of the level would bring Euro to next target at 1.2270