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
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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
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