- EUR/USD has most recently conceded some of its new-found strength this year. Some are therefore questioning the euro's new-found strength.
- However, history and data show that the euro has, broadly speaking, performed well since its inception (in spite of euro skepticism).
- The collapse of global interest rates this year has helped position the euro as an alternative to the U.S. dollar.
- In the longer term, the euro still appears probably undervalued and could continue to appreciate, possibly even against USD (more so than it has).
- I would not give up on EUR.
For further details see:
The Euro Has Been Bullish For Years, As Recent EUR/USD Strength Proves Belated