EURUSD movement down has been limited by the support line at 1.3837 and for a while possibility to make another movement up looked like a right thing to do, but... price did not bounced back far enough for bulls to be safe. And currently situation is 50/50. While short term resistance at 1.3980 holds it's place, more likely bears will take over.

eurusd

EUR/USDTrendSupportResistance
Long TermNeutral 1.3837 1.4692