Right now, market is very overbought. It can still go higher but the risk is yours. I have been in and out from EUR/USD and doing nicely. Do note that there is a big difference between 5 minute chart and daily chart. When there is no trade in daily chart does not mean that there is no trade in 5 min chart. Just that the risk and reward is different.
Today’s volume is a lot higher, in fact the highest for the last 2 months. Everyone is coming into the market buying it up because if they don’t buy, they will miss the bull run of the century! Where are all the bad news? Where are the bears? Where is menopausal Aunty Merkel? Do remember, market is always enticing the shortist and longist. Both side must be slaughtered before market wants to go a certain direction. That’s why people always say that market is always cheating. Shortist must be feeling a lot of heat now and wondering if and when they should just cut loss. How long more before this bull run is over is anybody’s guess, but if you have a trading plan, then stick to your plan.