EUR/USD closed back above 1.0880 Fibo, after 3 closes in a row below it

1.0880 Fibo is a 61.8% retrace of the 1.0635-1.1276 (May-July) EBS rise

This is a possible bear trap, which is usually a bullish sign

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

It could recover to 1.1010 Fibo, a 38.2% of 1.1276-1.0845 (July-August) drop

The thickening daily cloud, that spans the 1.0956-1.1037 region, could weigh

EUR/USD Trader TGM2334. Previous update nL1N3A10G9