The euro went back and forth last week as the 1.05 level continues to offer support. That being said, the market looks as if it is going to continue to be very noisy, and will pay close attention to that 1.05 level. The 1.05 level is an area where we have seen a lot of support underneath, and therefore I think we are looking at a situation where the market breaking down below there could kick off more selling, but I believe it will more likely than not be difficult to break through. The most likely scenario is a short-term rally that will sell off the closer we get to the 1.08 level.