The euro is under a lot of bearish, and compared to the "form" of its aussie counterpart, the euro does not stand a chance.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
daily chart shows a steady but continued decline. I expect the lower band to be breached and consequently open room for 1.4000.
The stochastic indicator has crossed down on weekly chart, showing more potential downside for the pair. Forecast is at 1.3780