The Euro has reached unprecedented highs against the US Dollar in recent weeks. On April 22nd, the pair set an all-time high at 1.6018. The very next day, the 28-month rally that had taken the pair to such dizzying heights seemed over. The next two weeks would see the pair plummet 4.3% to trade just below 1.5300. While it seems that momentum to reach a historic level at 1.60 carried the pair along the last leg the rally, elation must now give way to a sober re-examination of the arguments for the Euro’s strength. Below we will discuss what triggered the Euro rally against the US dollar, and why it must now come to an end.