EUR/USD Technical Analysis: Bulls need break above 1.1342

The EUR/USD pair has likely carved out a temporary bottom at 1.1234 and a break above 1.1342 is needed to confirm a short-term bearish-to-bullish trend change. 

4-hour chart

The previous 4-hour candle closed at 1.1310, confirming a falling channel breakout. That breakout also validated the positive divergence (higher lows) on the relative strength index. 

So, the pair could soon violate the lower highs pattern with a move above 1.1342. That would confirm a bullish reversal and open up upside toward 1.1380.

Trend: neutral-to-bullish