We are now short at 1.0500 with expectations of a bearish resumption

Cautious, however, due to last week's failure under the major 1.0402 Fibo

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

A possible "bear trap" as market broke below a tech level but then reverses

Despite that failure the 14-week momentum remains negative = spot bearish

EUR/USD Trader TGM2334. Previous update nL1N3MS18H