A) significant weakness in the second part of 2011 puts more weakness into play for 2012, as recent decline suggests that huge running triangle in wave.

B) is finished with sub-wave E at 1.4240. In fact, we can see a head and shoulder pattern that was unfolding since 2010, which also appears complete after a broken neckline in the past few weeks. As such, we believe that Eur/Usd will fall sharply in this year with wave.

C) headed towards 1.1000.