Yeah, the first thing I think of when it comes to currency trading is just... don't. Don't get involved if you can at all help it.
This is especially the case with the Euro right now, considering all the fear and uncertainty surrounding the European sovereign debts. In fact, there is a
record short on the Euro right now that's worth $8 billion dollars. By proxy, it also caused a short term bump to the dollar.
However, just this morning,
Germany appears to be having a change of heart regarding assistance to Greece's financial woes. So, now the trends may be reversing.
So, what does all that mean to everyday people? I hope that it helps to point out that attempting to time or even track currencies is, well, difficult to say the least. And then to have to make sense of it all on top of that?
I think the best thing to do for everyday people is to tune out the market noise, and simply ask yourself what financial arrangement will work best for you. Both the Euro and the Dollar are good currencies. I would just stick with whatever you think you will need in the near future (or a little bit of both).