'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 
Consider this.
We are at a critical juncture on the EUR/USD pair. A break above the line and a subsequent revisit of resistance at 1.4484, would represent the first time in several weeks that we have been moving up rather than down. Many traders are waiting for this level as it has now become the defining line between an up or down trend.
I stress this because it is the emotional sentiment of the majority of the traders that will be at play here; jumping on at this point to either unwind their short positions or enter into longs.
It won’t so much be the news itself. But rather the traders reaction to the expectation. So wait for breaks and jump on the bandwagon if they happen.
Good trading
Hi Pierre,
Been reading your blog, find it very interesting, keep up the good work. Just wondering abt eur/usd afta making quite a big upward move, do you think the pair will retrace now? and roughly how much and do you think afta breaking the mentioned important level of 1.4484 in your blog, will it resume a further uptrend? and to what level is your predicted target?
Thank you
Jim
Hi Jim
I won’t give you an outright prediction but I will show on the next blog what I’m watching.
What’s important is to be prepared for what direction the price goes.
Pierre