EurUsd- will it correct to 1.2?

As I mentioned before, since the beginning of the year, EurUsd is trading in a 500 pips range.
At this point, the pair is at the bottom of this range and things on the longer term are not so clear without a break here.
On the other hand, if we look at a shorter TF, we can see that EurUsd is drawing a falling wedge on our chart and the last three lows are very close to each other in terms of price.
A break above 1.1825-1.1830 would confirm the pattern and a correction could follow. 1.2 can be the target for bulls in this eventuality and a new low would put a pause to this scenario.