Early prior New year sell off ? Could be. But too early to say as I am anticipating the Daily charts. But if the hourly is giving in for a continuous bearish. Possibly next month more bearish on the Euro.
See chart below Hourly intraday.
There are just too much supply and unable to maintain and push price above. There is still not much demand in the EURO at this moment. IN addition to the QE set by the ECB, bearish is the trend!
Happy new year everyone!