Range trading continues in EUR/USD and intraday bias remains neutral. Further fall is expected as long as 1.1272 resistance holds. On the downside, break of 1.1103 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, firm break of 1.1272 will indicate short term bottoming, and bring stronger rebound.
In the bigger picture, current development suggests that fall from 1.2081 medium term top could be reversing the rise from 1.0176 (2025 low), and probably even that from 0.9534 (2022 low). Deeper fall should be seen to 61.8% retracement of 1.0176 to 1.2081 at 1.0904 next. For now, risk will stay on the downside as long as 1.1710 resistance holds, in case of rebound.
