It is testing lower border of a congestion box, most likely that it will pullback to 1.3070 up to 1.3120 If it does I will look for an entry short, it might not happen today.
If it proceeds lower I will not chase that move and will wait for a pullback to support level (red line).
funny comments from zerohedge
Yes: Europe suggests it may be best for Greece to be partially pregnant... er, in default. But all will be "controlled" - promise. We were a little generous in our estimate for the halflife of the Chinese bail out rumor. Either way, EURUSD plunging down to under 1.3070 on the news.
full text at: http://www.zerohedge.com/news/eurusd-collapses-report-eurozone-considering-delay-greek-bailout
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