FX:EURUSD   Euro / U.S. Dollar
The technicals of the daily Eur/Usd             chart hint at a larger price move upwards towards the 1.19500-1.20000 level.
the reasoning behind this is the accumulation of long orders which resulted in a spike to 1.17000. This has neutralised buy stops which were residing between 1.15000-1.17000 and gives way to a rise in Eur/Usd             to fill the thin downward price movement on the left of market structure.

This analysis goes hand in hand with my SHORT DOLLAR ANALYSIS ALSO

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