The 200-day MA has been supporting the EUR/USD for a few sessions now but that probably means that there will be plenty of stops lined up below there as well. A quick look at the 4-hr chart shows some excellent support at 1.2755, where a 61.8% retracement and prior low come together. With EUR/USD opening the week on a softish note, bulls might find better risk-reward in waiting for the stops to get triggered and then look for a 100 pip bounce.
