EURO DOLLAR. Where to next?

FX:EURUSD   Euro Fx/U.S. Dollar
The Euro             is definitely looking lower, the big question is, how much lower? The Euro             zone could benefit from a lower priced Euro             , this will boost German and French exports. In Greece it is unlikely Syriza will win an outright victory in the Elections so perhaps a coalition is on the cards which may not have an impact on the Eurozone at all. On the other hand demand is still lower and more stimulus will follow even a potential rate cut, so longterm I am not a Euro             Bull .

The order flow clearly says short. The Euro             is a extended 5th wave so the short side is dominant with volume to back the sell off. A reaction is expected between 1.1957 and 1.1930 on the long side but will it hold? A break will expose those lows close to parity, 1.1387 becomes a possibility and yonder...
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