EUR/USD and AUD/USD are knocking on recent resistance levels, with the AUD/USD marginally failing to touch .8263 last night. None of these moves are showing any sort of momentum and it is hard for me to imagine them suddenly breaking higher on to a new plane- above 1.45 and .85 for instance. I feel that if we do see a stop-loss driven move higher, it will be short lived and we will fall back quickly. The one factor which worries me is that most people I speak with are not bullish EUR/USD at current levels. They either feel it’s already come far enough and should fall again or that it will remain stuck in range trading mode. Markets really can explode when no-one truely believes.