EUR/USD could possibly present both a long and short scenario.
We have a monthly descending trendline which was broken below (purple), and now on more recent price action we have a weekly descending trendline which could push price down to the support zone, or the ascending purple weekly trendline below. In the near-term we could see a short opportunity on the 4H timeframe if price reaches this zone and shows bearish price action.
Then, when price reaches the ascending trendline, or support line below, we could see a long opportunity.
Overall, based on the monthly price action, I think the long term for the year we may see price rise higher against the USD on both EUR/USD and GBP/USD.
We have a monthly descending trendline which was broken below (purple), and now on more recent price action we have a weekly descending trendline which could push price down to the support zone, or the ascending purple weekly trendline below. In the near-term we could see a short opportunity on the 4H timeframe if price reaches this zone and shows bearish price action.
Then, when price reaches the ascending trendline, or support line below, we could see a long opportunity.
Overall, based on the monthly price action, I think the long term for the year we may see price rise higher against the USD on both EUR/USD and GBP/USD.