Wall Street is betting that the euro rally still has legs. The currency has already surged over 12% this year, and big-name banks now say that’s just the beginning. According to the Financial Times, Goldman Sachs, JPMorgan, and UBS all believe the euro will push beyond $1.20 in the next few months as global investors keep hedging against the U.S. dollar and interest rate cuts from the Federal Reserve weigh on greenback demand.