As you see on the 30 min chart below, the EURO rebounds strongly this early morning from the rising support of 1.3042 around 1.3458 levels, price action has pushed the pair further higher towards 1.3597 current high, If you look to chart once again, we have bull flag formation, the breakout has been completed above the bull flag , at 1.3597 the pair puts a temporary top, break of 1.3597 will bring strong bullish momentum and target 1.3635 and 1.3680 levels, I think the pair may not go beyond 1.3710 but If 1.3710 is breached,this scenario will suggest that fall from 1.3711 has completed at 1.3458 and the pair will target 61.8% projection of (1.3458 / 1.3711)  at 1.3868, but in return ,If the pair breaks below 1.3458, It will suggest that falling from 1.3711 is resuming and it will target 61.8 % projection of  (1.3711 / 1.3458) at 1.3303 levels, however; the last point is about 1.3597, If this level is breached , the pair may fluctuate around 1.3600 and dip suddenly, remember  that the bullish scenario will remain valid as long as 1.3500 holds..

Best Regards

Haitham