Nice confluence:50% retracement +price stalling at 200EMA in H4!

This technical picture is great to play the 1.3360 resistance breakout that occurred a couple of days ago.

After the breakout the price retraced to the 50% of the last impulsive move and is now stalling right above the 200EMA.
The overall trend is bullish which makes it a perfect entry point. In addition to that, the stochastic oscillator is now evolving in oversold territory showing that the downside potential is now limited.