EUR

just as many speculator have found an opportunity to sabotage the euro. many are forgetting that US debt crisis is still not over, recent continued growth scale is coming through well-manipulated sentiment measures and through a very bumped up stock market. In real essence job market is still getting worse do not be surprised if you see another 100k plus job losses this Friday after the as ever unreliable ADP report.
Further exports are declining again, retail sale will give clearer picture end of second quarter(from mostly summer sales) about the real inventory, spending and purchase cost scale. Interest rate will remain constant this year which i can be certain of while i suspect ECB and BOE to raise 25bp close to the end of 3rd quarter. Political out of the election in UK will not hinder much GBP's rise back up to 160 within this year.
But certainly the recent Greece crisis did make dollar haters focus their balance of attention off US and on to euro. Even this will not carry on for long as note circulation for euro usually gets it back up in demand automatically.

Never say never. However, taking the long(ish) view, it has been in a downtrend now for ~5months (give or take some consolidation). It appears to be looking into a black hole.

Previous uptrend lasted about 7 months.

GBP/USD is not that different actually, except for the sharp rally in W13/14.

it has no support other than 1.2880

long eurgbp

1.3048 is today's S2. That's why I went long here after such a drop.