Intraday bias in EURUSD is back on the downside with break of 1.1358 temporary low. Sustained break of 1.3123/53 will carry larger bearish implications. Next target is 1.0904 fibonacci level. On the upside, above 1.1410 minor resistance will turn intraday bias neutral 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. That is, rise from 0.9534 (2022 low) has completed with three waves up to 1.2081, after rejection by 1.2. That would set up deeper fall to 61.8% retracement at 1.0904 next.
