Right now I'm waiting for one of these scenarios to play.
Move up towards 1.2725-1.2750 will keep EURUSD in consolidation.
After break out of Friday's consolidation to the downside I can see 1.2440 as important level to break. If EURUSD will not hold 1.2440 I expect reaching double bottom at around 1.2300 next with possible continuation of downtrend towards 1.2000 and 1.18.
As I know that I don't know which way the EURUSD will go, the best I can do is wait for the price action to guide me, and react to what I see instead of anticipating and trying to have any bias.