stzilialis

EURUSD 1D BULL TRAP?

FX:EURUSD   Euro / U.S. Dollar
310 0 1
1.38 seems to be critical for the trend. the previous three highs result is negative momentum divergence. Moreover, the euro             failed to break out the previous 50% retracement . Even though it is too ealry to judge the reversal, the whole chart gives me a feeling that we have in front of us a nice beutiful bull trap. euro             at the moment has negative corelation to the SP500             . that means that many institutions use futures and option to hedge the correction. What if this corelation proves to be wrong?????? next week will be really intresting.....
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