EUR/USD: "Pennant" pattern
Read the article on FBS website
The main trend is still bullish, but the price is consolidating near the 55 Moving Average. It's likely that the pair is going to test the next support at 1.2246 - 1.2205. If a pullback from this area happens little later on, there'll be a moment for another bullish price movement.
The price is consolidating between the levels 1.2335 - 1.2275. Also, there's a "Pennant" pattern, so the market is likely going to test the closest resistance at 1.2325, which could be a departure point for a decline towards the next support at 1.2254 - 1.2233.