Intraday bias in EUR/USD remains neutral for consolidations below 1.2081 temporary top. Next near term target will be 38.2% projection of 1.0176 to 1.1917 from 1.1576 at 1.3434. Decisive break of 1.2 key psychological level will add to the case of long term bullish trend reversal. Next medium term target will be 138.2% projection of 0.9534 to 1.1274 from 1.0176 at 1.2581. However, sustained trading below 55 W EMA will argue that rise from 0.9534 has completed as a three wave corrective bounce, and keep long term outlook bearish.