This is how I see EURUSD in next couple of days.
Depending on PA around 1.2150 we might see further drop to 1.18, or just stoploss cleaning and a sharp move towards 1.25, but for this kind of move we do usually need some big fundamental catalist.
On the other side 1.2363-1.2407 should be interesting zone to watch as it will be a good value area for Shorts to join the downtrend.