1.0880 breaks in the euro

1.0880 was a line in the sand for me on this rally from the first round of the French elections and now it's broken after offering some support.

EURUSD 15m chart

1.0737 is the target for all you gap watchers but there's plenty of work to be done around the 1.0826/50 area first, not to mention 1.0800/10.

EURUSD daily chart

A hold below 1.0880 keeps the bearish pressure on, Move back above and we may have a bottom in place, for how ever long it lasts.