Today, pair eurusd move on narrow movement, till this session pair move from high to low still move around 44 pips from high to low if look using range indicator, no news high impact for those pair, pattern pair still in bearish pattern
Still move in narrow movement today, I see on my indicator range movement from high to lose still move less than 53 pips, and 4h timeframe figure out bear candle , this pair still move on range hourly
Look on weekly timeframe eurusd , on few week having tendencies to bearish pattern, and on last week on friday market, this pair fogure out strong bearish, but let see on later monday market, might this pair will move bounce back
It will likely to continue it's depreciation initially today (during London session) ...but later , there is a chance that it will start to appreciate, and then tomorrow, the bullish sentiment will enter
Monday market , eurusd already move to bullish trend and daily timeframe figure out bull candle which movement from high to low around 50 pips but likely on 1H timeframe on newyork session move on sideways as correction
It's highly unlikely to appreciate to the point where your arrow is pointing. The next appreciation will make a pullback before it depreciates again (before there is an uptrend)