The euro falls very strong, after reaching 1.2870 in the European session. Early in the U.S. session records the euro broke support last week from 1.2763. If the pair closed the week with a candle below this level, it will be the beginning of a bearish sequence that could extend to 1.2550.
At this time the market has a bearish trend; it is likely to continue for the rest of the day. On the other hand, a return to the 1.2763 level may occur. If the pair closes above this level in 4 hour candle, we can buy with targets 1.2881 and 1.2961.
Therefore, we do not recommend selling at this time, as the market is undecided and it may bring a loss. Buy above 1.2763.
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