EURUSD is downtrend while increasing trading volumes
Analysing Forex from The Market side & perspective.
EURUSD market movement in New York trading session. It looks like The Market has started a downtrend at the end of last week by stopping out buyer positions at 1.1337. Like any other trend, this time The market forms some pullbacks for traders to open their positions. We have two trading positions right now that the sellers at 1.1267 and the buyers at 1.1235. The market is now increasing trading volumes in the area to stop out one or both the trader positions soon.
EURUSD market movement in New York trading session. It looks like The Market has started a downtrend at the end of last week by stopping out buyer positions at 1.1337. Like any other trend, this time The market forms some pullbacks for traders to open their positions. We have two trading positions right now that the sellers at 1.1267 and the buyers at 1.1235. The market is now increasing trading volumes in the area to stop out one or both the trader positions soon.
