Here’s a top-down technical perspective on the EURUSD.
On the daily time frame, recent price action is predominantly sideways. The candlesticks printed last week Thursday and Friday indicated a lack of bearish momentum. We may see some bullish move in the early part of this week before a southward turnaround.
The H4 time frame shows that bulls have lately been keenly contesting market influence with bears. The bullish pinbar printed in the second session last Friday may see bulls follow up with further move despite the bearish candlestick printed in the last session. At any rate, such a bullish move is likely to be temporary. But bears have to breach the horizontal support around the 1.10470 area before we can have confidence in a bearish drive.
I may be wrong. Trade safe and prosper.