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From middle of last year EUR/USD went sharply down. This could be seen in chart below:
Such strong downside was invoked by geopolitical reasons, ECB rate cuts and planned stimulus. Furthermore Greece again started to be an issue as new elections is looming there.
But in any case EUR is quite strong currency and it might recover. If we look at daily chart and keep in mind magic of round figures we can expect that EUR/USD rate at the time of settlement will be around 1.20:
Such strong downside was invoked by geopolitical reasons, ECB rate cuts and planned stimulus. Furthermore Greece again started to be an issue as new elections is looming there.
But in any case EUR is quite strong currency and it might recover. If we look at daily chart and keep in mind magic of round figures we can expect that EUR/USD rate at the time of settlement will be around 1.20: