EURUSD was another good long set up for today, around 10AM we see EUR begin to show incredible buy volume and USD show incredible sell volume; as a result, and as anticipated this resulted in an explosive move after yet again price taps the YBPL then moves almost unchallenged all the way to 1.4210.

But what should be noted is the circled areas, without any other indicators or just a blank chart I would not even think to try and go long here but what puts me in that mindset is the fact that EURO is being bought heavily vs other majors and USD is being sold heavily vs other majors which we know can be a great combination for the pair in terms of the size of the move we see. Aside from that price is teetering above and below the balance point line and if we are looking for longs above it and shorts below it, there could be some false positives here, except for Total Strength candles drawn on the candlesticks that are green as price moves down, precluding us from a short due to the lack of weakness; many traders may have still gone short around 10:00AM where we had nothing on our minds except a long.