EURUSD - Daily - A bit of space left for a further correction

Quick idea.

Last week we saw EURUSD declining, but it didn't quite reach the upside line. There is still a bit of room left for a further correction, but if that upside line continues to hold, then we may see the bulls re-entering the field.

If the line breaks and we see a daily candle staying below 1.1066, this might increase the pair's chances of a further drift south.

Please see the chart for details.

Don't forget your stop-loss.