EURUSD fails to break above 1.2747 resistance. Range trading between 1.2500 and 1.2747 would likely be seen in a couple of days. As long as 1.2500 support holds, the price action from 1.2747 is treated as consolidation of the uptrend from 1.2288, and another rise to 1.2800-1.2900 area is possible. On the downside, a breakdown below 1.2500 will indicate that the uptrend from 1.2288 has completed, then further decline towards 1.2000 could be seen.
