The break below previous support at 1.3115 triggered the usual stop-loss run, 1.3088 was the low, and EUR/USD is now struggling to get back above that level. The 50% retracement of the 1.2455/1.3735 rally comes in at 1.3095. The 61.8% of the same rally comes in at 1.2940. Now that we have closed back below the 100-day MA, the outlook is bearish.