Euro failed to hold above 1.2150 and gaped down below 1.2100, expect rebound to 1.2200/2220 region where sellers again will enter for another leg down below 1.20. Now markets attention is 2010 lows @ 1.1870 that I think we are sliding toward that in coming days.  selling the pair above 1.2160/70 is recommended with stops above 1.2230.

Good luck

Reza