EUR/USD tenkan and kijun lines are increasingly negative aligned

Dollar needs to fully overcome a key level to soar nL1N3NI08L

EUR/USD, earlier in Dec, ran into resistance ahead of the 1.0635 Fibo

1.0635 Fibo is a 50% retrace of the 1.0937 to 1.0332 Nov (EBS) drop

However beware of the mid-Nov failure under 1.0402 Fibo, a "bear trap"

1.0402 Fibo is a 50% retrace of the 0.9528-1.1276 (2022-2023) rise

A bear trap is set when a market breaks below a level but then reverses

EUR/USD Trader TGM2334. Previous update nL1N3NI07O