My favorite early reversal pattern.
It's very hard to enter, as there is a few spots to consider. You should look at it as you look on reversed H&S pattern, and imagine you are trying to take early entry on top(bottom) of right shoulder.
This is H1 chart with my long term strategy trade, where I piramide, scale in & out, and trail stop. Red line is my initial entry, now break even, green line is partial TP will be moved as necessary.
Consider 1.2245 or 1.2210 as possible additional entry levels. Be very careful, as we might not go up right away, and consolidate for longer here.

Waiting for what didn't happened yesterday...

 USD index

 EUR index

 EURUSD M30

EURUSD M30

Very quiet morning during european session.
Pictures above show what kind of moves to expect.
It's important to look simultaneously at USDX, EURX and EURUSD, since you might get earlier confirmation.
My prefered entries are short around 1.2400, or long around 1.2250 as I want to see StopLoss orders to get squeezed beyond those levels.

Since I didn't have time to publish what I was looking at in the morning, but it was very similar to yesterday's setup, here is how you could trade it:
Watching the range since the morning, and knowing it's gotta breakout either up or down, I took:
Longer term trade (60 pips target) with SL above the channel, and safe TP around 1.2440-50.
And short term scalp, that I had to take twice, since Chinesse dudes decided to mess with my setup.

Nothing have changed since yesterday.
Watch for thin market today.
Happy 4th of July.

Updated range with possible scenarios.
Trade opened at 1.2590 = BE. Bulls couldn't push it higher during the time I gave them.
Lower high suggests bull's weakness for now.

Here is what I'm waiting for right now - just took my long out of 1.2590 as I'm writting this...
Longer term levels to play are: 1.2525 and 1.2745