By the very nature of the fundamental reason for the recent move in the EURO (i.e. QE is inevitable then good earnings reports [which would indicate less of a need for QE] has to be counterreactive for the EURO while it will be reactive for the Dow. In other words the better the earnings season, the more likely that the COUNTERTREND move in the EURO will finally occur.
Furthermore, because of the political climate, I do not see a strong countertrend move in the DOW before the elections {i.e., buy the rumor) so basically a COUNTERTREND move may be pronounced in the EURO(+1100 pips signal) than in the DOW(+600 pts signal)
