Investors should position for a further EUR rally over the next month hitting the 1.35 level on the USD recycling by Asian central banks and the general calm in risk markets, said Brad Bechtel, head of sales at Faros Trading in an interview with Bloomberg TV. "What we have seen lately and what is driving the EUR in addition to the relative calm that we had is that risk market is rallying, equities market is rallying and Asian central banks are intervening in their local currencies and recycling their USD purchases into places like the EUR and the GBP. That is providing a tailwind for the EUR. So, my outlook for Q1 is further EUR rally, GBP rally, and USD weakness on that story alone as well as on the general calm in risk market," he clarified. However, by the end of Q1 of next year, the euro will reach an inflection point and start to drift lower over the remainder of the year on the growth concerns of the eurozone. "At that point, the eurozone will run into the growth concerns and if that is really start biting, then the Asian diversification that we have seen will dry up as well and that will be a real inflection point for the EUR," he added.