EURUSD rebounded from 1.0818 and after testing the 61.8% Fibonacci retracement level of the upleg from 1.0519 to 1.1466 the pair has found resistance at the top of the Ichimoku cloud.
The near-term outlook is bearish as the tenkan-sen crossed below the kijun-sen line. Also RSI remains below 50 in bearish territory. There is scope for prices to retest the 61.8 Fibonacci and if this level fails to provide support, prices could fall to the next Fibonacci level of 76.4% at 1.0722. Such a move below the cloud would strengthen the downside bias.