EUR/USD has been trading sideways in past 24 hours at the price of 1.1083. Anyway, I see more potential downside due to the strong downside momentum in the background and potential bear flag pattern.
Based on the 4H-timeframe, I found that EUR did break the 2-week low at 1.1070 and that selling pressure is present. I would add also that EUR did break upward trend line in the background and that bearish flag pattern is in creation. My advice is to watch for selling opportunities. Important support level is set at the price of 1.1067 and then at 1.1027.
