The EUR/USD has been retreating since failing to rally above 1.21. It has tagged 1.17, and I think there could be a bounce here at least in the very short-term. EUR/USD Daily Chart(click to enlarge)Support Pivot:- There is common support in the 1.1660-1.17 area. - Also, the RSI is right around 40. It should turn up from 40 if the prevailing bullish momentum is still strong.- Now, if price falls below 1.1660, we might see it extend towards 1.15.Reward to Risk:- Let's first limit the upside to 1.1850. - If we get in a long position around 1.17 with a stop around 1.1640. That is a 60 pip risk and a potential 150 pip reward. - A conservative bullish outlook has a reward to risk of 150:60, or 2.5:1. This is decent.