First off, we need to know where we stand now with the EUR/USD to conclude the standing of the Euro currency in the overall picture. I always like to start off with technical analysis before I enter any trade.
This is the chart so far:
See story on this topic.)
Now the opinions of key analysts in the field. Fxstreet.com, one of my favorite websites to go to, recently posted their take on this pair, here are their results;