Euro (Eur) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Eur is likely to buy:

Currency	current_value	minimum	maximum
Eur/Usd	1.2758	1.2528	1.2935
Eur/Aud	1.4452	1.4322	1.4537
Eur/Chf	1.3453	1.2467	1.4215
Eur/Inr	59.5543	57.0685	61.5783
Eur/Cny	8.6461	8.2335	8.9578
Eur/Jpy	112.7488	103.9878	119.2708
Eur/Brl	2.2452	2.1071	2.3520
Eur/Gbp	0.8359	0.8332	0.8378
Eur/Nzd	1.7648	1.7521	1.7858
Eur/Cad	1.3162	1.2703	1.3559
Eur/Zar	9.6086	9.2051	10.0129

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The recent successful sale of the Greek debt shows that the Euro has come out of its recent 'extreme' low levels due to the threat of a split. Some still believe that germany might pull out at sometime in the future if the debt fears spread to other southern European countries and this might leave the Euro's valuation in an unpredictable territory.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/euro-eur-monthly-forecast-from-14july10.html