EUR/USD back near the highs of the day.
A short squeeze, like the one in EUR/USD, ends when it ends. Generally, it doesn't end until the people who were deep in the money are feeling some genuine pain.
At the end of the day, the ECB is doing 60 billion per month in QE and while German Bunds might be getting dumped at the moment; there is a buyer and that will ultimately mean a resumption of the euro downtrend.
In the meantime, squeezes can go further and faster than anyone anticipates.
What's the level where you absolutely must sell EUR/USD? I'd put it close to 1.20 but I think a better idea than picking levels now is watching how the market behaves. Look for some kind of capitulation or signs of fresh euro selling and keep an eye on bunds.
EURUSD 3-day
