The European central banks put billions of dollars to the bailout plan, but I don't think that this will help the euro rise. I thinks that the investors lost their faith in the EUR and it is about to slide to 1.28.
I also believe that it is too late. The main problem is the political disagreements among the EU leaders and the fact the the ECB cannot do what it needs to do, like the Fed. I do not now if this is the end of the EUR as we know it but it looks like it is going down to 1.2 and even below.
