This is the EUR/USD weekly chart. If you look at the chart, you can see the dominance of bears until November 22nd. However, we can also see an up channel forming over the last 8 weeks and the MACD has just become bullish, so I wouldn’t rule out the option that this pair could still go higher, at least to 1.1500. Of course, there are many risks at the moment, including geopolitical risks, as well as the FED interest rate decision, which is considered the most important thing for currency valuation. With all this in mind, one should be careful, and if you decide to go long in the coming days, keep in mind that the interest rate decision is on Wednesday, January 26, so with that in mind, you might want to not take the risk at that volatile moment, at least at the beginning of the meeting.