Buyer is preparing their move but Seller still in strong mode

Based on current price position, the movement of EUR/USD likely will be determined by market reaction to 1.23300 and 1.23400
Break up move over 1.23400 will indicate the buyer is coming in and if this presence enough upward power, we could see a good rally back to 1.23838 or even 1.24032

If the price moves constantly below 1.23300 will indicate the downward continuation of the current movement, better watch next support level at 1.22600 and daily support level at 1.22400

Happy Trading!!