FXstreet.com (Barcelona) - The Euro has dropped to 1.3115 low so far on its withdrawn from 10-week high around 1.3740 reached on Mar 19, 20 and 23; According to the Second Quarter Report from Brown Brothers Harryman, 1.3740 would be the 2009 high.

The Euro will decline continuously the whole year through. From 1.37 high on the first quarter, BBH forecasts the Euro to drop to levels around 1.29 in the 2Q and 1.22 in the 3Q, reaching the year low on the fourth quarter at 1.18. next year, BBH forecasts the Euro to pick up slightly to reach levels around 1.21