TipTVFinance

EUR/USD – Asian gains could be a bull trap

FX:EURUSD   Euro/U.S. Dollar
Despite positive open in Asia above falling trendline (drawn from Sep 8 high &Sep 15 high), the subsequent exhaustion near 1.1250 if followed by a re-entry into falling trend line would open doors for an intraday retreat to 1.1174 (50-DMA).

On the higher side, an hourly close above 1.1250 could yield an intraday rally to 1.13 ( trend line drawn from Aug 18 high and Sep 8 high).
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