Euro heading down?

$1.29 today. Let's look at recent history:
See the peak, in October 2009? That's when we were in Spain. I tried not not to think too much about those $5 glasses of orange juice (although they were, it must be admitted, very good).

The balance due for our May bike-and-barge trip is to be paid in February, based on the Euro/Dollar rate at that time. If the current trend continues, this will be a good thing. Usually, my economic timing is more in line with the Spain-rate.