A long uptrend rally of EURUSD reaches this high level
Analysing Forex from The Market side & perspective.
The trend is going up stops out more and more seller positions until now it is at the high level of March,28. At 1.1095 we have the closest buyer positions right above an empty zone means The Market will go down anytime to fill this empty zone while convincing The Sellers to open new positions at this high level. After the long rally of uptrend, EURUSD doesn't have enough trading volumes in the market to make a move. At this point, The Market might form a sideway after a long trend to attract more traders into The Market.
The trend is going up stops out more and more seller positions until now it is at the high level of March,28. At 1.1095 we have the closest buyer positions right above an empty zone means The Market will go down anytime to fill this empty zone while convincing The Sellers to open new positions at this high level. After the long rally of uptrend, EURUSD doesn't have enough trading volumes in the market to make a move. At this point, The Market might form a sideway after a long trend to attract more traders into The Market.
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