Thursday's daily close above 1.0546 Fibo has negated the recent "bull trap"
1.0546 Fibo is a 23.6% retrace of the 1.1185 to 1.0349 recent drop
14-day momentum turned positive, reinforcing the shift in risk to the upside
The kijun line at 1.0643 -- midpoint of last 26 days -- could be a hurdle
We are short at 1.0555 for losses, our stop is above the kijun line
A break above the kijun line would likely unlock further gains
EUR/USD Trader TGM2334. Previous bullets on "bull trap" nL2N2XB0CU
Daily Chart: Click here