How long do you think the Euro will go?

[BillSimmons]

How long do you think the Euro will go down?

 

[gerryg]

1.04 was a good support level. There was a positive change in retail sales in US, but lower than forecast. Let's wait for NFP release.

 

[5SS]

In the overall picture parity (1,00) is in the crosshairs of a lot of big players. Goldman last year forecast parity.

 

[richieforex]

How long do you think the Euro will go down?

I foresee parity. Maybe not in the near term but certainly at some point this year!!

 

[ph_trader]

might be sometime in the second or even later!! lets just say having it move will affect lots of people who want it to stay there.

 

[VeerTrade]

My current thought is that it will hit parity within the next 6 months maybe sooner.

From a technical stand point we are still very much in a down trend. What we are seeing now is a correction. Further price action will tell us if price is ready to resume its trend or show signs of a possible reversal.

The fundamentals for Euro are not great especially with the uncertainty of Greece. QE worked for Britain but with Germany so against it has it come too late or is it even the right call at all? The weaker Euro will help those who export out of the EU in particular Germany and Spain and it will help tourism making it cheaper for those to travel to the EU.