Will EUR/USD Continue Falling?

EUR/USD tested the support levels at 1.1000 and 1.0900 for quite a while, but the pair finally managed to break below both and continued dropping, even though the Eurozone and the Greek government reached an agreement. This move to the downside is only just beginning, I think, and we can expect the pair to drop even further in the coming weeks. The first target is 1.0550, which is a significant support level visible on the weekly filter chart. Should the pair not form a double bottom there and bounce off the support we can expect it to fall even lower, perhaps even heading for parity once again.