http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-currencies/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-currencies/2009-01-13.htmlEUR should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000 Comment : We underestimated the need for US dollars when de-leveraging; we now feel that investors are now more carefully assessing currency needs and preferences. Having already reversed a lot of last year’s losses, admittedly in very thin conditions, we feel the Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000. Late in Q2 we expect the EuroTue, 13 Jan 2009 10:31:15 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-currencies/2009-01-13.html