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The EUR/USD currency pair, which expresses the value of the euro in terms of the U.S. dollar, currently remains perched above the 1.12 level having established a new short-term trading range since the beginning of June. This trading range stretches from 1.1168 to 1.1423, as shown in the chart below.
(Chart created by the author using TradingView. The same applies to all subsequent candlestick charts presented hereafter.)
The 1.12 level is currently serving as an evident area of support, which if broken (sustainably) could possibly jeopardize the current trading range for EUR/USD.