I'm still bearish on Euro. Why? US new claims for unemployment benefits decreased. US Retail sales increased 0.7 percent in November. On the Euro side: Eurozone annual inflation rate is decreasing. The European Central Bank says, it is ready to buy government bonds. For more downside we need to break main support area at 1.23-1.227. Entry 1.238 SL: 1.26 T1: 1.22 T2: 1.21