EURUSD Feb 09 to Feb 13 Outlook

Recap
The expectation Euro would be a difficult play was correct. Due to ECB and Greece fighting, Euro spiked up and down depending on the news fed out at the time. Closed the week above Y-0 and near week low.

Outlook
Euro failed to push higher and closed back down to near Y-0 is clearly a sign of weaknesses. A test of Y-1 is necessary to produce a better bottom. What we cannot tell, however, is whether Y-1 can stop the drop once it has started.