EURUSD looking to test 1.20 area within price channel range

EURUSD after this deep sell off from the top, we are favoring a rebound in the EURUSD cross to the 1.19/20 area strong reaction zone and confirmation area to travel the way to 1.24, currently at 1.17 it is offering LONG side trades with stop at 1.1620 in extension to 1.1575. Below that area we should be driving the way to 1.12
the FIrst level to be watched is 1.1830 the first confirmation level in the reversal cycle to the upside.