$EURUSD : Bear trap set-up in 2 hr time interval
EURUSD : Price action in 2 hr time interval has breached first resistance trend line of 1.1210 and is within sight of 2nd resistance line of 1.1292. There are 2 converging trend lines : downward sloping & upward sloping forming a wedge formation. A converging trend line formation is a setup of either a strong directional move upward or downward. As such, price action must overtake next resistance barrier, otherwise a sharp pullback is imminent.
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