[rufffen]

EUR/USD Trade update: Conservative trader will wait for a trendline break either direction. Some EW-traders see it as 1/2/3/4/5 on weeklies with 5 pointing NORTH for 1.3200, however I stick with A/B/C SOUTH.

Reasons so far:

1) Way I see it on eur/usd: Hedgers drove it to the top, took profits, lge specs persisted north, hedgers trimming their north possies, NET SHORT now.
2) Weekly eur/usd entering a sypercycle degree wave pointing south.
3) CHF changing cycles now for the NORTH journey.
4) We are way above year/quarter/month balance points on eur/usd, unless EU invented and anti-gravity device what goes up fast comes down with similar velocity.
5) My mmath floating box setup points that we could test 7/8 area around 2880. Looking at my statistics for eur/usd it hardly goes over 7/8 of the floating box. I do my stats with SPSS software and track results for last 6 years.

Finally I just don't see EUR/USD going up same time with EUR/JPY going down. Way I trade is based on history repeats itself market phenomenon.