The ECB and some US data may have a strong impact on EUR/USD today, which is trading higher for the last 24 hours but for now only with three waves so upside can be limited. But there is room for 1.1243 before bears may come in play. However, ECB is always a gamble so any intraday trader shall wait on break of red wave ii) support to confirm that new leg down is underway.

EURUSD, 1H