EURUSD is currently stuck within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
If the price breaks and closes below the support of the range. I will expect a bearish trend continuation at least to 1.0855 support.
If the price breaks and closes above 1.106 resistance, a bullish continuation will be expected to 1.1125 level.
Wait for a breakout, that will show you the future direction of the market.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.