Daily Technical Report
EUR/USD: Resuming sharp reversal into 1.3140. First objective met, stop moved to entry.
EUR/USD is resuming its sharp reversal from key overhead resistance (primarily an important 2 year trend-line).
The dramatic move has confirmed the emotionally charged bull-trap that we had anticipated, which has been driven by recent positive EU News.
Yesterday's break under 1.3653 (18th Oct low) unlocks further downside scope into 1.3146 (Oct swing low) and that all-important psychological level at 1.3000.