EURUSD Long Order at 1.23238 & 1.23294 could have an expected drawdown of 1.20/1.17
I don't think so before end of this year.
It could be that Europe would make window dressing and 1.25/1.26/1.2750 are in my focus by no later than 31.12.2014, before Monthly's EMA200 Line could be running down by the market price and giving the go-ahead for 1.20/1.1750.
Let's see what the market will tell us!
FXcube