EURUSD is retesting the previously broken downside resistance of 1.10000. This is a significant level for an extension lower and any break above this level would lead to a test of significant 1.15000.
Only a confirmed break above 1.15000 will lead to an extension higher but the probability for this is not so high as it is reaching the confluence of a strong resistance long-term falling trend line and horizontal resistance.
Since we do not have a break above the significant upside or downside level we do not have directional high-probability trade but we are giving a little more weight to a short trade.
This could be a medium-term low-risk short trade, and we will not search for long trade entries at this point.
You can take the short trade with the stop loss just above 1.1050 as we see a higher probability for this swing reversal lower to continue. By placing this trade your RR ratio is bigger than 2. In this case, if you are stopped you can reverse your trade to a long trade. The first target is 1.06800 but may go beyond that to 1.04000 and lower.
