EU is entering a consolidation zone (note to the left)  It should battle through to the 1.2296 (S5) and the 1.270 Fi.  A break below that would target the 1.2250 ( the .786 fib retracement is at 1.2557).  We have had a clean break of the up trend down and is sitting on the .618 fibo as I write.

EURUSD-TOD.jpg