That`s very easy I think question. In my opinion people are afraid of losses. Many of us wanna be safe investors in this times and try do not lose. They making money but no everyday. I thinking about traders which don`t keep open positions over night. This means for me they afraid.
The real question is why they afraid? Do you know why? I may try to answer this question. First of all in last 3 months we have so may bad data from EU and US economies which may easly swept away whole bullish market since 2009 year. We are keeping on because window dressing from last week and first week of better data. I don`t write good data because it wasn`t good data.
My advise is wait until the EUR/USD will pass 1.46. Than we may be "sure" that we going north.
Mark.
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