Celcius

EUR / USD Parked in Neutral and Going Nowhere

IMO we are in a monetary deflationary stage of the crisis with more capital destruction than the QE capital inflows. This should keep the EUR/USD range bound if the US economy gracefully bottoms. But once the bottom is found and monetary base rapidly expands due to QE lookout inflation or hyperinflation over the long-term.

A fear of US economic collapse due to violent economic events, bank failures, could reach a tipping point that sends everyone rushing out of the USD to other asset classes like gold, euro's, commodities, etc...

Either way violent of graceful I think investors will leave the dollar over the long-term.