Although ECB said that above 1.41, EU is loosing its competitiveness,
with the current situation in the market, I don't think that a cheap Euro would help in any way Europe and deserve better the European economy.
THIS IS A 1 MONTH SCALE CHART !!!!
On the big picture we do have a . But there is no chance for an exit from the upside at least not for the moment. However, baring in mind the oversold level of EURO there is still a room for a final upside before Euro goes deep down bellow 1.30 and particularly when FEd decides to increase its interest rate.