The euro fell a bit during the trading session on Monday, reaching down below the 1.1850 level. The 200-day EMA as a significant barrier, and it should be noted that the 50-day EMA is starting to dip towards the 200-day EMA.
The pair is also testing 33-period EMA on H4 interval (green line). To the downside, there is a support zone at 78.6% retracement (1.1825).
There is always the other scenario. According to 1.20 level in this chart, by breaking Overbalance structure at 1.1900 is a key resistance, bullish trend of euro will start.