EURUSD is facing the support of the upward trend line from 1.2042 to 1.2134 again, rebound could be expected after touching the trend line, and another rise to test 1.2442 would likely be seen. On the downside, a clear break below the trend line will indicate that that rise from 1.2042 has completed at 1.2442 already, and the longer term downtrend from 1.3486 (Feb 24 high) has resumed, then the following downward movement could bring price to 1.1700 area.
