There are a ton of reasons to sell the EURUSD, yet the action has been up and down today. Over the last 30 or so minutes the price has dipped to new NY lows (below the 1.2554) and so it opens the door for the sellers to take firm control. The low at 1.2514 is the next target to get below. A move below that level opens the downside toward the 1.2467-80 area. Converged 100 and 200 bar MA on the 5 minute chart is the risk (@1.2570-73).

The door is open. Time to go through it.