“With so [many] traders trying to push the euro down. … She wouldn’t be surprised if there’s one last probe down to crush the remaining bulls before the thing can bottom and start rallying,” he said.
That means the euro could surge to 97 or 98 cents compared to the U.S. dollar, according to Cramer.
“Once the narrative shifts, Garner’s predicting a swift rally. Back in 2017, the euro dipped below $1.05 … but within a year it was back to above [$1.25],” he added.