The issue isn't so much when will the Euro will reach $1.2500 but what will happen when it does. Given the scale of their respective economies (and subsequent influence on the Euro), will Spain or Italy swallow the bitter pill needed? Without the hard decisions it will be difficult for the Euro to defend $1.2500.
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For the record, I have created a EURUSD Trading Idea for a push to the first Target level with a stop on a break of the downward channel.
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