The euro has been getting slammed, and this strategist sees the tough times continuing - but not for too long.
It's been a rough year-end for the euro, and Michael Woolfolk, senior currency strategist at Bank of New York Mellon, thinks more selling is ahead.
Woolfolk thinks that if the euro breaks through a technical support level at 1.2860, it could go to 1.2660. And while it has been hovering close to 1.30, "I think when trading starts back up on Tuesday morning, it could be another one of these targets that the market aims at and is quite likely to achieve," he says.