We have already seen an expected corrective decline to 128.55 (the low has been 128.25). We are watching for signs that this corrective decline has run its course and a new impulsive rally to 141.04 and above is developing.
To confirm that a low is in place, a breakout above the minor resistance at 129.69 will be needed, but it should send us higher to 132.32 en route to 141.04 and above.
We bought EUR at 128.60 and have placed our stop at 127.60. If you are not long EUR yet, buy on a breakout above 129.69 and use the same stop at 127.60 expecting to move it higher quickly.