EURUSD Dec 08 to Dec 12 Outlook

Recap
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week near Y-2 and below midpoint.

Outlook
Euro down trend intact. More down side likely. Rare case scenario that Euro jumps above B+1, a squeeze will take it up to B+3.