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According to my Previous Analysis, the target of the recent movement of the EURUSD is 1.1265 which is the upper boundary of the recent 150 pips range of this pair. Price has moved according to this expectation. But it can’t break the level 1.1265. It tries to break the level twice but got rejected both times. The nearer demand zone is marked by the orange level and the price is expected to test the level 1.2-1.117 and followed by the lower boundary of the range. Price also has the change to move bullish again upon the reaction on this level of 1.12-1.117.

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