Hi Forex traders. I’m showing EUR/USD 30 minute and GBP/USD 30 minute charts here. As you can see, price has been trending down intraday. Notice that the trend advances are only about ten PIPs right now. This is showing selling exhaustion or doubts, as well as some buyer interest (demand).
This could cause a bit of a correction up this morning. When you have buyer and seller interest, you end up with a lower probability of winning. It’s as simple as that. So I’ll keep an eye on the market this morning and see if we get a push down again. ~Vance