EUR/USD recovered to break and close above the tenkan line, now at 1.1766
The overcoming of the tenkan line is putting pressure back on the upside
Upside bias reinforced by Mon's close back above 1.1778 Fibo, a "bear trap"
A bear trap is set when a market closes below a tech level but then reverses
1.1778 Fibo is a 76.4% retrace of the 1.1602 to 1.2349 (Nov to Jan) EBS rise
Our 1.1775 short is now under pressure, but Mar 24 1.1854 high protects stop
EUR/USD Trader TGM2334 Previous update nL1N2LU0DP
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