EUR/USD: local trend is bearish
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The local trend is bearish, so all the Moving Averages have been broken. However, there's a 'Thorn' pattern, so we're likely going to have a local bearish correction. So, we should keep an eye on the nearest support at 1.1529 - 1.1508 as an intraday target. A pullback from this area could be a departure point for another bullish rally.
There's a 'V-Top', which has been confirmed. So, we're likely going to have a decline towards Moving Averages. These lines could be a departure point for an upward price movement towards the next important resistance at 1.1600 - 1.1627.