EUR/USD failed above 1.0643 Fibo, setting up a "bull trap", on Oct 24, 31

1.0643 Fibo is a 23.6% retrace of the 1.1276-1.0448 (July-October) EBS drop

Bull trap is set when a market breaks above a tech level but then reverses

However, the long tail on Wed's candle hints at a rejection of the downside

We remain short at 1.0660 in anticipation for eventual losses

EUR/USD Trader TGM2334. Previous update nL1N3C10J2