Monthly chart.. we've had 9 months in a row of closing down, and still about 2 weeks of this month that could see us close down again. Insane.
The Euro is still 'new', relatively speaking, and in the past we've had a few 4, 5, and 6 months in a row of downward moves like this which were followed by rallies that retraced ~50% before continuing to consolidate and break down. Not that I'm calling a bottom or anything.. as the economic reasons we're this low is a bit different than the past dips.
I'm considering no-leverage (1:1) long on EUR indirectly by buying up some EUR demonstrated assets (defensive large cap stocks in economies like Germany, etc.. or possibly just a large cap ETF..) If the EUR itself loses value to reasons outside of my target country's economy, the equity side of the trade should hedge this out a bit by inflating in price (...a recent example of this would be how the Nikki went on one hell of a bull run when Japan announced trillions in stimulus which caused the JPY to fall in value, nixing out most of the equity's gains after currency risk was factored in.) I'm still working out a few details of course... just something I'm leaning toward as a position trade over the next few months.