Technical analysis:
EUR has been trading downloads. There is the breakout of the rising trend-line, which is sign for the further downside movement.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside targets at 1.2220 and 1.2205.
Additionally, I placed parallel line based on the upper trendline and the projection is towards 1.2220
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.