Near Term Trend: Negative
Fridays Close: 1.09660 (- .90 pips)
UPDATE: Euro is accelerating downward.
For the last few weeks we noted key support at 1.0950- 1.0910 region, and as of this past Friday the Euro is just above this critical region.
I think support ultimately fails in this area but initial support may hold on the first attempt to test it.