The EUR/USD is building a consolidation zone around 1.16 but a bearish continuation still seems likely when considering overall downtrend and bearish momentum.
The EUR/USD needs to break below the support trend lines for a bearish continuation. The main target is at 1.1450 which is a 50% Fib from the weekly chart.
The EUR/USD is building a smaller consolidation triangle. A bearish breakout could be part of a wave 5 (purple).
