Ten year chart of EURUSD shows two cycle pattern. The market, which started 2002 , lasted 6 years. The peak was formed in 2008 when the crisis erupted. If we assume that the market would be with the same duration as one the end of this cycle could be dated at the end of 2013 or the beginning of 2014 with target 1.08. Of course such assumption is based on approximation as the strength of the euro strongly depends on the ability of the Euro leaders to manage the situation.
why bullish movement must be equal to bearish? Lets take previous cycle(before 2001) - bullish:bearish was about 2:1 to 3:1, so i exclude this fact from calculations. This myth is busted by your chart - watch your cycles from 2008 - 3rd cycle is too long. often full cycle's length is equal to previous cycle's length, but exceptions and deviations are possible.