The overbought September euro fell in the Far East after climbing to a one ½-month high on Friday. The short-term outlook is bearish. The medium-term outlook is sideways. My model is long.
CME Group’s CoT: The short EUR positions increased by -2,696 contracts to -73,670 contracts.
Immediate support is at 1.2477. Further support is seen at 1.2402. The 21-day moving average follows at 1.2356. 

Initial resistance is 1.2555. Further resistance is at 1.2585 from the 55-day moving average. A pivot high is at 1.2684.

INDICATORS  
Fast stochastics: Bullish   
MACD: Bullish
Ichimoku: Bearish

OUTLOOK
NEAR-TERM: Bearish
MEDIUM-TERM: Slightly bullish?
LONG-TERM: Bearish