DislikedIn my opinion there is no sense in speculating what will happen based on where the market was, is or should be.
The real decision maker will be the sentiment for USD and that will be tomorrow either when the US monetary statement is released or when Bernanke holds his quarterly press conference.
If there is no indication from the FOMC of further QE, then the USD should rally. If on the other hand, the market is led to believe that the FOMC is ready to fire up the presses, the E/U may well move towards the price range you mentioned. Mind you, the...Ignored
Allah has permitted trade and has forbidden interest [koran]