This would be correct, if we have a broadening bottom (which assumes definite end of the downtrend for now). If that's the case, we should see anything between 1,3260 - 1,3330 - 1,34 even.
But if this is a tube (expanding wedge, or whatever you wanna call it), it's a bearish pattern. Break of bottom would confirm further downside. 1,2880, even 1,2750.
- break of 1,3140 should confirm long;
- break of 1,2950 should confirm short;