If for some reason the handle gets chewed through on some comeuppance, then there ain't much stopping it from going to at least 1.43, technically methinks. On the fundamental side there's so much rhetoric (pride and honor) getting thrown at these economies from all sides of the pond that a real solution is giving way to a worldwide depression right under their noses in-my-opinion. Chronically sweating bullets over "growth" since 2008, high unemployment and marginal interest rates...
So that parabolic rise could be coming to the pair in major part because the sovereign debt crisis is spreading to the U.S. now in bigger waves (well before the news starts blaring it as "news") which wouldn't exactly be a surprise. Just a thought anyway... Not to forget the elephant in the room. I think this is a fair assessment for the mainstream media: http://www.bloomberg.com/news/2011-1...ower-view.html