FXstreet.com (Barcelona) - The Euro is testing support area at 11.4100 after having reversed from 1.4445 year high, and, according to the Rabobank Financial Markets Research team, the Euro decline could continue during the second half of the year to reach levels below 1.3000 at the beginning of 2010.

The Rabobank Financial Markets Research team expects the Euro to drop to levels around 1.3800 by next month, and to continue southwards hitting 1.3400 in three months time and reach 1.2900 low by February next year.

From February next year, the Rabobank Financial Markets Research team foresees an slight recovery to 1.3100 by May 2010, to reach 1.3300 in 12 months time.

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