EURUSD Daily Zone Approach

Last week, EURUSD broke a strong daily zone which was between (1.1620 - 1.1640) and closed a candle below this zone.

Currently, price is moving up to retrace the downside move and has broken the last minor high at 1.1608 and is approaching to the daily resistance zone.

There are two different scenarios:
1. If price gets rejected by Daily resistance zone, in the case of any bearish confirmation signals in lower time frames, we can expect a drop to the last low at 1.1565 and in the case of a downside breakout on this level, the next target would be around 1.15

2. If price breaks the Daily zone to the upside and closes a candle above this zone, we can expect more upside retrace towards the red rectangle box which is between 1.1675 - 1.1695