EURUSD is starting to consolidate around a fairly well tested support. With the exception of a trade-through in late March, the level has proven sturdy historically. It has provided solid support. There is also a fib level and a trend line that may help consolidate the pair down towards the support level. If the pair can consolidate into the wedge a little bit more, it can have some good momentum in either direction. While the main trade would be long (with a take profit around 1.1000 (another well tested level in the past), there may be good short opportunities if it falls below that support line. I would wait for a consolidation and watch to see if a breakout develops. The pair may also trade in this 200 pip channel for a while as well, which will further solidify the support and resistance levels surrounding it. I would wait for 2 or 3 closes above or below a level to confirm a breakout, this is meant to be a 150+ pip trade, so there is no reason to rush an entry to pick up an extra 10-15 pips. Good luck with it!