The GDP data from the Euro zone, and the two biggest economies: Germany and France, came better than expected. Traders were anticipating the positive data, so when they were released, the reaction was mild. What is more is that, in the last week, price went too far up north which caused an exhaustion in the bullish camp. In the last few days, buyers gave up too easily, and they let the price fall below the 1.3285 support. Price went straight to the 1.3240 support, which played an important intraday S/R level in the previous weeks.
The European session starts with an upswing that currently is defending the 1.3285 as the closest support. The closest resistance is at 1.3315, and breaking this level should start another bullish wave targeting the 1.34 psychological barrier that stopped the traders a week ago.
With this bullish upswing, the sentiment can be slightly positive. If price will manage to break the 1.3240 support, the sell signal will be triggered.