The euro is trading around 1.33 levels, currently at 1.3323, which indicates it is in the overbought area. This pair is preparing for a fall in the coming weeks. However, be careful with the size of the batch you operate when the euro goes down as the pair will soar. Thus, it is better to be cautious and low the leverage, however, the area of 1.3230, acts as the main support, and the break of this level by the euro could entail a major downward path. On the other hand, if the momentum indicator is showing bearish signal, expect a decline of the pair for the next few days to the level of 1.3155.
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