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Weekly | EURUSD Major Dive Theory - July 26, 2013

FX:EURUSD   Euro Fx/U.S. Dollar
155 0 1
The theory is that of congestion. This past few weeks and months, EU has been in a ranging state which might mean it's building up steam for a potentially severe earthquake. If it happens, it probably would head first to around 1.3420 at the end of 2 weeks, and then cliff             dive all the way down to around 1.1763. If it actually comes about, it would likely signal a trend change to the upside for a very long while.

It's just an idea of what might happen if certain stuff play out, so be cautious, get some more data, and have fun! :D
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