What will happen with the EUR

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jossef

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May 17, 2010
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What you think will happen with the EUR, do you think it will keep going down this week also.

Some think it could reach the rate of 1.1 Eur/USD in a few months.
 
Right now 1.2135 is working as a very strong support. If eu sellers can throw the pair under that zone, crossing 1.1 may be possible.

I think after reaching 1.1, euro may get stability and a reverse trend may start.
 
The differences between the euro and the U.S. dollar aren't TOO great. At one point, there was a bit of a gap, but it's starting to close back up. From what I've gathered, they want to eliminate some of the other forms of currency altogether, but that's only what I've heard.