I'm sorry that I haven't posted for awhile, but I wasn't seeing the setups that I wanted to. Anyway happy new year all. The EUR/USD is in strong downtrend. However it appears that the weekly cycle down has completed. With that said I would like to see some more upside then downside. However I need to see that the STC is overbought on the 4 hr. and that my Smart Money Indicator is also signaling down. So I will look for a reversal point at around the 1.2 level and I'm looking for this to occur between 7-9pm tonight (GMT+7).