EURUSD - 240 - Waiting for a break

Quick idea.

After rebounding nicely from the 1.0989 hurdle, the pair is now close to its key resistance, at 1.1093. We need a break and a close above that barrier first, before examining a possible move further north. But if that barrier continues to hold and the rate slides back down, this would confirm that EURUSD is in wide range right now, roughly between the 1.0989 and 1.1093 levels.

Please see the chart for details.

Don't forget your stop-loss.