With the price below its weekly trading range's top, we have a potential for a short term pullback towards either the uptrend line (see chart) or the 1.11 structure zone which is just above the 200 days MA that turned flat following sharp decline.
The longer term analysis suggests that $EURUSD should reach higher but perhaps it need another re-test of support levels before its next major move.
scenario - Pullback towards 1.12 and 1.11
scenario - In case of a breakout and a close above 1.15, $EURUSD will probably continue towards next sell zone - sell zone - 1.17-1.18 (completion of and patterns)
Tomer, The MarketZone (@themarketzone)
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