EURUSD price 1.41938, would it raise again ? | Forex Factory

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EURUSD price 1.41938, would it raise again ?

  • #1
  • First Post: Sep 2, 2011 7:15pm Sep 2, 2011 7:15pm
the EURUSD price is drop down until price at 1.41938, do you think it will raise back again to 1.43 and 1.44 ?

what your opinion ?
  • #2
  • Last Post: Sep 2, 2011 10:14pm Sep 2, 2011 10:14pm
Barring any new news releases, I think we will see a drop on the first day back down to at least 1.4150, with probably a couple of down days before it starts back up....but even if it starts back up, it will probably just be a quick retracement rather than a reversal. Wouldn't be surprised if it hits 1.400 by weeks end (weekly lower Bollinger Band).....I think it will be a little while before it moves back up to those levels, unless some good news comes out.

I hardly ever trade the EUR/USD, but that's my 2 pips worth.....
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