There really isn't much in the way of buy orders if price were to keep moving upward. In fact, sell orders increase in proportion whether price moves up or down. If it moves down, there's a good chance a lot of the open long positions begin liquidating.
Interesting spot of note, the spike in sell orders shown just above .8500 is more prominent this week than it was last. Could it be that last weeks illiquid trading conditions shook out some weak positions and pending orders?
This should be a very interesting week. It's anyone's guess right now. I'm just excited to be back, I get lonely when the market's closed for extended periods! :)
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