We have to keep in mind that although this sideways price action seems corrective at first, it might result in a if we see 1 more low. See chart below:
A can either be a wave 1 which indicates that the correction for the EURUSD was over around 1.105, or it can be a wave A (which is less likely at the moment) and this would indicate that a corrective combination is in progress.
Based on fundamentals and higher time frame structure I still favor a break to be next but we trade what we see and therefore I will be watching price action in the beginning of next week for clues.
Updates will follow.