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EURUSD is in sideways consolidation for a while, but it looks like a correction within bullish trend. After a completed larger A-B-C irregular/expanded flat correction in 2023, Euro turned up at end of 2023 and it recovered with a sharp reaction higher up to 1.1 area where pair slowed down and turned lower into a pullback that is now in progress. Ideally, that's a higher degree correction that can represent even wave 2 on a daily chart, which shows potential deeper supports at 1.06-1.07 area. Alternatively it can be also forming a bullish triangle pattern.

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