 After a trend-like move, the corrections help to define the breadth and support for the trend. If the 38.2 retracement of the trend run holds, that is indicative of support buyers looking to hop on. If that level and the 50 of the same move are both broken, that is generally not good for the trend move. Looking at the 5 minute charts of some of the major pairs the 38.2 are so far holding. That keeps the buyers in control. It does not mean they will stay that way, but so far, so go... 