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Does Cup and Handle work like that?

Long
Euro / U.S. Dollar (FX:EURUSD)  
IK-Trading  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD cupandhandlepattern
3
0
trendanalysis harmonicpatterns chartpattern eurusd cupandhandlepattern
My idea for the next two weeks is bullish if we won't see a double top. The resistance in the 1.11 Range seems stronger than the one around 1.08. I hope for a pullback to 1.06 since the RRR is not quite good at the current setup.

Am I correct in my Cup and Handle assumption?
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