EUR/USD - in bear territory

The euro got hammered today. In yesterday's post, I was leaning to the bull side, but wrote that a break above 1,26 or below 1,25 would lead to the next big move. 1,25 was broken hard today and so far we've reached as low as 1,2360

EUR/USD is just bearish. Next important level to watch is 1,23, the price low from early June.