The euro fell significantly last week to crash into the previous support level near the 1.0850 area. At this point, the market looks as if it is trying to break down, but it should be noted that this is an area that has shown a bit of support recently. Because of this, we could get a bit of a bounce, but I think a bounce will more likely than not end up being a massive selling opportunity. I would look for signs of exhaustion to start shorting on any value offered in the US dollar. The euro has a whole host of issues working against it currently.