Broke out of a downtrend?

2012年9月2日

I trade the trend reversals on the H1 chart, i don't do predictions at all, but i couldn't help noticing this on the Weekly. The 1.20 floor is a major support line (ECB protected). Are we breaking out of the downward channel into the uptrend now? Look at stoch, and we all know what happens when RSI crosses the 50 upwards.