No Solid Euro Demand Below 1.25

I’ve been waiting months for EURUSD to hit 1.25, and we’re almost there. With the current tone and Germanys stubbornness on the issue of Euro Bonds it is seemingly likely the 1.25 floor will cave in. Upon closer examination of the charts and supply/demand levels, I can honestly say I do not see one single area of demand I would feel comfortable with. Demand has either been partially used up in most cases, or non existent.
 

 
Pictured above is our most recent minor demand level failure. Pictured below is the only current level of demand i would consider in play.