EUR/USD consolidation continues to dominate
It's a very similar situation to yesterday, where EUR/USD trades in a hesitant and sideways manner. Given the bullish entry to this pattern, a preference for a bullish exit is taken. However, until we see a breakout, this sideways chop is likely to persist.
With that in mind, an hourly close below $1.1326 would provide a more bearish view, with $1.1295 and $1.1250 the next key support levels. However, the most likely move seems to be an hourly close above $1.1393, which would point towards a move higher, with the subsequent resistance level of note at $1.1415.