MoneyTec Traders Community Forum - View Single Post - It seems to me that GBPUSD & EURUSD are ready for a nose dive

weissdawg · 09-09-2006, 23:24

I don't see the EURUSD nose diving just yet. Looks like it needs to head down a little bit lower (maybe another 100 pips at the most), then head back up again a couple hundred pips. Then maybe 150 pips down, before making a move to 1.3000. This just doesn't look ready to plummet yet to me.

09-09-2006, 23:24	#13
weissdawg level 3 Join Date: Feb 2006 Posts: 879 Downloads: 0 Uploads: 0 Rep Power: 3	Re: It seems to me that GBPUSD & EURUSD are ready for a nose dive I don't see the EURUSD nose diving just yet. Looks like it needs to head down a little bit lower (maybe another 100 pips at the most), then head back up again a couple hundred pips. Then maybe 150 pips down, before making a move to 1.3000. This just doesn't look ready to plummet yet to me.