EURUSD Daily Bias - Can We Go Lower?

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What's up everyone? Checkout my daily bias on EURUSD. We have recently taken out a previously monthly low at 106.631 and rejected from an area that happens to be a prior fair value gap that was created on January 6th, 2003. Priced came back to this zone approx. 4 more times before our recent encounter. The only difference is that we have closed below this FVG on the weekly time frame, but have a fair value gap (imbalance) sitting just below it (1.03484-1.01660). On the weekly chart, there is also a FVG residing just above price and this could be rebalanced before dropping back down to toward monthly internal liquidity (1.03484-1.01660). Overall, my bias for next week is mixed. Price could start consolidating because we just took out sell-side liquidity on the higher timeframe (monthly) at 106.361. Thus, I do feel that price could rally (short-term) toward the weekly FVG just above (1.07648-1.06494). If this occurs, price would still be in a discount zone (relative to the swing high at 111.849 and swing low at 103.492) to look for shorts. Ideally, I want to short in a premium zone. Alternatively, basing the daily chart dealing range on the lower high at (109.364 and swing low at 103.492) would validate the same FVG to be in a premium zone to look for shorts. Also, notice the order block just above the annotated weekly FVG. That can possibly be mitigated. In essence, I more than likely will be on the sidelines, tape reading until the market shows it's hand next week.

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Monthly Chart: