The EC entered an area of support on the daily charts and bounced nicely off it today.  The danger with buying right away though is the weekly charts - the oscillator we use can continue to push down for a few more bars (i.e.: a few more weeks).  So, normally, this blog doesn't give entries and stops - just trade ideas.  But, because this is such a high risk trade, we'll say enter above Wednesday's high (1.3080) and enter a stop below yesterday's low (below 1.2811).  If this trade works out, the target is around 1.3300-1.3400 at the minimum.  The daily and weekly charts are shown below (Daily first then Weekly).