EURUSD is currently trading within a narrow range between 2 solid horizontal structures. Depending on the reaction of the price to the underlined zones, I see 2 potential scanarios.
Bullish If the price breaks and closes above 1.1055, I will expect a bullish continuation at least to 1.113.
Bearish If the price breaks and closes below 1.091, a bearish movement will be expected to 1.0855.
The inflation data is coming on Thursday and it will most likely be our catalyst.
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