Assume a 30-day forward on Euros of 1.3/E. Due to a change in market sentiment, the market expects the price of Euros to decrease to 1.1/E. As a result, the demand for Euro forwards will _______ and the forward price will _______.
1) decrease, decrease, F = 1.1
2) decrease, increase, F = 1.3
3) decrease, decrease, F < 1.1
4) increase, decrease, F = 1.1
5) increase, increase, F = 1.3