A Trillion Bucks Package, Euro Goes To?

If the package really kicks in with the Greek bailout their first target, the Euro might still be going down as it has been doing for past half a year. There is a longterm target at 1.15 for EUR/USD pair anyway. So which way will the Euro choose to go?

The Pound might follow the path of Euro and the GBP/USD pair has also a target at 1.2s. Maybe in next few months.

Hence in this matter the USD might still be getting stronger and stronger. Even USD/JPY pair might be going up instead of down, targetting around 110. The stock markets might still be bullish for next few months as well, after a short but quite sharp correction that happened few days ago.

US PPI is already up and soon CPI might follow as producers pass the increase to consumers. Employment is getting better again, inflation might start to go up in next few months. No more recession for the time being. The Fed might start hiking the interest rate again after so long at the bottom, maybe from Q4 this year or early next year.