Intraday bias in EUR/USD is back on the downside with break of 1.1453 temporary low. Fall from 1.1710 is resuming and should target 1.1323 low. On the upside, above 1.1497 minor resistance will turn intraday bias neutral again first.
In the bigger picture, with 38.2% retracement of 1.0176 to 1.2081 at 1.1353 intact, price actions from 1.2081 are viewed as a corrective pattern in the larger up trend from 1.0176 (2025 low). Break of 1.2081 is expected at a later stage after the correction completes. However, sustained break of 1.1353 will raise the chance of medium term trend reversal.
