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FXstreet.com (San Francisco) - The Euro is trading bearish today the fourth negative day out of five after falling from June 29 high at 1.2685 to break June 28 low at 1.2405 yesterday's session and test the 1.2300 zone on Friday.

The pair seems to have bearish room to test June 1st minimum, and lowest since July 2010, at 1.2285 as currently it is at 1.2310, 0.65% below today's opening price action and "Slightly Bearish" and "Overbought" according to the FXstreet.com technical studies.

"The EUR has kept a tight range along with the rest of the majors overnight, with a slightly bearish bias in recent hours following wider peripheral Eurozone yields," says the TD securities analysis team. "We are currently sitting just above yesterday's low at 1.2364 and with the market looking poised to take the EUR lower from here."

"We continue to look for any rallies as selling opportunities," concluded TD Securities.

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