EURUSD Bull Trap?? Hello FP Cheaters,
Current 15M chart shows a bullish momentum. However, 1H and 4H show a re-entry. Some evidence marked in the yellow boxes may be indicating institutions pushing the price up above key SR to open short. Increase in volume can be observed. USD news regarding Core Durable Goods Orders m/m will be out soon, could this be a Bull Trap for another Bear run?
We need more evidence in the next few moments. As of now, my sentiments are bear, a retrace till previous high at 1.08400 may be tested before I place an EP.
Trade safe!
ForexPipCheats
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