Reuters quotes Axel Merk's optimism about the euro:

"...not everybody is convinced about the dollar's resilience. Axel Merk, the manager of the Merk Hard Currency Fund, says a bet against the dollar is still sound, and that investors should pay more attention to the strength in the euro than the weakness on the dollar in coming months.

'The euro will keep beating the dollar,' said Merk, who is long the European currency in his portfolios. 'The trend is only going to accelerate because structural economic differences will become more apparent as the year progresses.' "