The growth of the euro can be seen as a corrective bounce, if we consider the sharp decline made by the euro and the correction resulting in a bearish pattern with the target at 1.2800 (as we can see on the picture).
The euro is trading in a danger zone due to fact that the leadership is not defined yet, we recommend buying only if the pair closes above 1.3170 with the short-term target seen at the 1.3306 level.
The Range Indicator shows the upward force; Momentum is entering the overbought zone.