EURUSD finally breaking out of it's descending prison?

EURUSD has been struggling for quite some time (along with most USD pairs) but it's looking like it's finally making a jail break. This is the weekly TF so, this will take quite some time to play out but there is also a double bottom on the daily and the very beginnings of some negative fundamentals starting to appear for the US economy. I'll be trading this using the TP levels noted on the chart. The RR is good enough to check out anyway and, if I'm wrong, it won't take long to find out.

Thanks for checking this out, I'm new so please let me know where I'm right and where I'm wrong, and whatever you do, don't trade based on my advice.

Let me know what you think.

Thanks