EurUsd is bearish

Yesterday I've written that EurUsd could drop more than 100 pips and, indeed, the pair dropped to an intraday low of 1.2130. The single currency managed to recover losses on NY session and closed the day above the important 1.22 key figure. At the time of writing EurUsd is trading at 1.2215 and it looks like a lower high could be in place around 1.2250. I'm bearish this pair and sellers will have confirmation once it drops under 1.22. This scenario is valid as long as EurUsd is trading under 1.23 on a daily close bases and 1.2050 could be the target for short selling