Having completed a huge, bearish 'head-and-shoulders' pattern last year, the euro/US dollar rate still has a long way to fall, says Mark Sturdy at www.sevendaysahead.com
The single currency should head to and through the major lows of 2010 at just below $1.19. However, in the near term, some profit-taking may be in order, the oversold euro having already accomplished a minor target at $1.2628.
