EUR/USD (1h chart): Bullish/Bearish???

I'm going bullish and here's why:

Price formed a fakeout on the 1h hour as it broke out with 3 candlesticks and then formed a bullish reversal candlestick indicating that the bulls are still present.
Price just formed a bullish engulfing candle at a strong demand zone indicated by the pink arrow.
Price touched the trendline for the third time indicating a buy opportunity.

NB: A fundamental announcement took place which might cause some downward pressure for stop loss hunts before the bulls can come in fully!!!
Risk:218.1 pips
Reward:20 pips

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DR.Swing_Forex