The resistance zone is proving to be to much to handle right now for the eurusd and is unable to take out the zone right now.
Price has retraced to the trading channel is now locked between the zone and the bottom of the trendchannel. Am expecting a correctional wave b up, but not a new high (yet). MACD and RSI show divergence and are bearish. If we do break through the zone, that would be a nice entry signal and a sign to be bullish. A break through the bottom channel is a sign to enter short.
There is also another channel, in the black trendlines, holding the price right now for several weeks. A break through those lines would mean a significant move will take place.
Be sure to set your stops.
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