EUR/USD is currently on daily range within a rising wedge. If there is no break above 1.19, I expect the completion of the formation and thus the continuation of the correction to 1.13. From there, the market would have to be re-analyzed.
Price falls could be favored by the impending financial crisis in Italy.
I don't recommend to go long in these critical days, more reward and less risk if you short from 1,185 range with tight stop loss.