EUR/USD: opportunity to have upward correction
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There's a 'V-Bottom', so the market is likely going to test the 55 Moving Average in the short term. However, if a pullback from this line happens little later on, there'll be a moment to have another decline towards the next support at 1.1365 - 1.1312.
The pair is consolidating between the levels 1.1425 - 1.1335. Previously, we had a 'V-Bottom', so there's an opportunity to have an upward correction. The main intraday target is the nearest resistance at 1.1478. A pullback from this level could lead to another bearish price movement.