A lot will depend on talks nxt Monday between the Eurogroup & Greece but, the chart looks like it's setting up for an evening star candle formation, in my opinion. Let's not forget Janurary produced a very bearish eurusd monthly candle.
First target 1.18 with a possible retracement to 1.23 or 1.27. ....1.12 still on the cards....will depend on whether the US Econ can grow and avoid a QE4.