In economics, a Bull
trap is an inaccurate signal that shows a decreasing trend in a stock or index has reversed and is now heading upwards, when in fact, the security will continue to decline. Due to numerous trend resistances and horizontal resistances I am convinced that EURUSD
is currently putting in a bull
trap. Don't get caught in the herd! There is much volatility
in all markets right now so trade carefully with tight stops and takes! Please leave your thoughts and your own TA's in the comments! Happy Trading!