EUR bearishness has eased a notch or two since last week but general sentiment towards the USD remains strong. This has me favouring a test lower in EUR/USD later this week towards strong technical support at 1.2665 (previous daily lows)/1.2680 (61.8% retracement of 1.2030/1.3710).
We may see a modest recovery in the EUR crosses if the headlines remain free of bad news but any rallies in EUR/USD back towards 1.2950 are sure to meet with plenty of grateful sellers.