Euro is bearish so sell on any bounces. The bias for negative sentiment remains today as long as EURUSD remains below $1.2890. A break through support $1.2800 will lead to first target toward $1.2720. A break at this level would open the potential for losses to $1.2662, which is the low reached in November 2012.
Meanwhile, an alternative scenario would be for the pair to reach Tuesday’s high, with buying back above $1.2890. Further target would ain for $1.2941.