The analysis focuses on the EURUSD daily timeframe. A key level was broken, with a retest acting as new resistance, presenting a short opportunity. Looking ahead, the market may break into a new range. A sustained break below the current level, holding as new resistance, is crucial. If the price closes below and rallies aggressively on Friday, moving back above the level, it would signify a failed breakdown, potentially indicating a bullish trend. The expected new range will be between 1.1440 and the resistance area. Overall, the analysis suggests monitoring whether the price action holds within the identified range or signals a failed breakdown, impacting the predicted market direction.