The European region is headed one way and its not up! we are in the midst of a precipitous long term decline of the EURO to test the 103 level prior to heading a lot further down. Would not be surprised to see EURO short term rally a bit further suck in the longs and the decline will commence. I do not see much upside left for the EURO, there is nothing positive emerging out of the eurozone for the foreseeable short medium and long term future which only mean one thing we will be selling euro against the greenback and almost any other pair. I don't see any other region in the world that will be worse of. We are on the cusp of some very big declines in the euro value...get ready!