Euro due for a correction

Since play a four-year low in June, the euro rose by a whopping 7% against the dollar – a real wave! One has to wonder, however, if perhaps the euro hasn't gotten ahead of itself in its race back up.

Nonstop Ascension of the euro has puzzled me. During the heyday of sovereign debt crisis of the eurozone, seemed as if the euro was going backwards with parity, if still remained in existence! Rescue plan of $ 500 billion of European Commission seemed to dissipate the markets, but didn't do much to mitigate against the risk of sovereign default.Moreover, it seems that all the austerity measures will be undone after the next election cycle is so vehement opposition. to supplementary budgets and unemployment is so high (12% in Greece, 20% in Spain) that will be difficult for leaders stay in Office if they continue to push an agenda that reduces their deficits.