EUR/USD at risk of a deeper dive into the cloud that now spans 1.1900-1.1974
Spot recently failed above the 1.2103 Fibonacci level, leaving a "bull trap"
1.2103 Fibo is a 61.8% retrace of the 1.2349 to 1.1704 2021 (EBS) drop
Bull trap is when a mkt breaks above a tech level but subsequently reverses
Friday's 2nd biggest daily fall of 2021, closing down 94 pips = bearish
USD usually gains in May, the U.S. economy could be key nL1N2MR0H9
EUR/USD Trader TGM2334. Previous update nL1N2MR0AZ
Daily Chart: Click here