Analysing Forex from The Market side & perspective.
EURUSD is in a long uptrend movement stops out many sellers positions. Along with this trend, it also attract new buyers positions and the closest one is at 1.1098. Traders are only open buy positions to catch the trend as long as possible and it makes no more seller positions to be stopped out at the moment. Because of not enough seller trading volumes, The market might go down to form a sideway market anytime before it continues the trend. And now we see the market only for the buyers. On the other side, the trend might end soon and traders could open sell positions.
EURUSD is in a long uptrend movement stops out many sellers positions. Along with this trend, it also attract new buyers positions and the closest one is at 1.1098. Traders are only open buy positions to catch the trend as long as possible and it makes no more seller positions to be stopped out at the moment. Because of not enough seller trading volumes, The market might go down to form a sideway market anytime before it continues the trend. And now we see the market only for the buyers. On the other side, the trend might end soon and traders could open sell positions.
