Derived Data That Drive Results
By Martin Miller — Nov 16 - 03:55 AM
EUR/USD closed up 178 pips Tuesday to finish the session above 1.0862 Fibo
1.0862 Fibo is a 50% retrace of the 1.1276-1.0448 (July-October) fall
Failure to close above 1.0862 Fibo on Wed, however, has led to a bull trap
A bull trap is set when a market breaks above a tech level but then reverses
A bull trap is usually a bearish sign
EUR/USD Trader TGM2334. Previous update nL1N3CG0PG
Daily Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
