The EUR/USD is probably correcting upwards as part of a larger wave 4 (green) with a 23.6% Fibonacci retracement level, which is at a confluence of other resistance levels.
1 hour
Price is most likely making an expanded correction (WXY magenta).
The EURUSD used the wave B (magenta) support levels for a bounce yesterday. A next bounce could see price move towards the confluence of Fibonacci targets (green).
1 hour
The bullish zigzag (ABC purple) could have completed and an expanded correction (WXY)