On this eurtry daily chart price has been moving sideways for over 20 days now between a range of the area of 3.25400 to 3.17800.
The goal is to let price stay in the range as long as it wants and to trade the breakout.
For that I advise a daily candle closing outside of the range.
You may wait for price to retrace back into the range if you prefer to work with a tighter stop.
This 15 min chart shows you a conservative entry when either the upper or lower boundary is broken.
You may place a stop loss regarding this time frame and use a profit target of the daily chart.
Like this you may have a very very good risk to reward.
Wishing you the BEST OF PIPS