The euro had a bearish movement in the European session because the services PMI reading of Germany below expectations was the trigger that gave a bearish movement on the market. The euro found a strong bottom support in the second weekly of 1.3181. In the early U.S. session the euro is bouncing above this level, if the pair closes below the 1.3180 level, the reversal pattern "head and shoulders" would be completed, and the fall of the euro in the coming weeks would be deeper to the levels of 1.2650 / 1.25
Therefore, in the short term we recommend buying the pair with targets at 1.3395. the stop loss below the low of today.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com