EURUSD: Will It Retrace to POI?

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On the daily chart, EURUSD is trading within Range Zone.

If another daily candle closes bullish above $1.086 (the Daily Range Bottom), it could push the price up to the Range Top at $1.1, which is our Daily Point of Interest (Daily POI).



The Mid Daily Range may act as minor resistance on this move.

If EURUSD falls below the Daily Range Bottom, it enters a bearish zone, with the next target around Key Daily Level 1↓ at $1.066.



Alternatively, a bullish breakout above the Daily Range Top could extend gains to the Minor Daily Level at $1.112.



Though, this scenario is secondary as long as EURUSD remains within the Daily Range Zone.