I expect the breakout towards the downside will occur soon or maybe Friday is the day for the breakdown. The outlook remains for EURUSD and Hence traders should remain with their short positions with stop loss just above 1.12800. Take profit levels should be set at 1.10400 initially and after breaking 1.10400 figure add more short positions and set your take profit levels at 1.09500.
All in all EURUSD is in the downtrend with 1st target at 1.10400 and 2nd at 1.09500.
Wish you Good Luck