EURUSD rally through 1.1900 a potential bull trap ?

٩ نوفمبر ٢٠٢٠

EURUSD rallied close to 300 pips since November 04 lows around 1.1600 levels. The currency might have completed an expanded flat complex corrective structure terminating close through 1.1900 mark today. If the above is correct, bears should be back in control and EURUSD should stay below 1.2010 levels going forward. Alternately, the recent rally could be wave 1 of a new rally. Either way, a decline through 1.1700 should be underway soon.


Short against 1.2010, targeting below 1.1500 at least.


Good luck!