Actually in high timeframes (>=2h) the trend is bullish. In lower timeframes the trend is ambiguous.
1.12163 is a pivot point : If EURUSD price gets over 1.12163 then it may go up to 1.12571.
If EURUSD bounces on 1.12163 and go downtrend then it could bounce again on 1.11697 to go uptrend again.
I'm neutral on short term.
I'd say : for short term investors, avoid EURUSD for some time.
for mid-term investors (some hours), EURUSD may be uptrend in the following hours.
1.12163 is a pivot point : If EURUSD price gets over 1.12163 then it may go up to 1.12571.
If EURUSD bounces on 1.12163 and go downtrend then it could bounce again on 1.11697 to go uptrend again.
I'm neutral on short term.
I'd say : for short term investors, avoid EURUSD for some time.
for mid-term investors (some hours), EURUSD may be uptrend in the following hours.