There are many reasons for this short. A breakout wedge on lower time frames has formed. On the higher time frames, a very large triangle has formed. I feel as if this will breakdown and allow us to reach the mid 1.08xxx area.
Because I have seen this play before multiple times. It is unlikely that Euro will sustain such a rally. The market has priced in a hawkish stance from the ECB and can now resume a bearish direction until further instigation from both the FED and ECB.