EUR/USD's failure last week above the 1.0271 Fibo has set up a bull trap

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

1.0271 Fibo, a 38.2% retrace of the 1.0787 to 0.9952 (EBS) drop

Expect a bigger fall to retest the recent 0.9952 low in coming sessions

We are looking to get short at 1.0250 for a bearish extension

EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2Z80DH