DislikedWe're already very close to key resistance levels on all the instruments you mentioned.
(..)
I am not recommending that traders sell the Euro (Yet). I'm just saying that this is a short covering bull trap and will be faded just as quickly as it shot up.Ignored
If nothing "special" happens during weekend, we can see price jump higher to the resistance line I mentioned in my post this Monday...
As far as now, this scenario perfectly fits price action.
Here's quick reminder
http://www.forexfactory.com/attachme...6&d=1343640991
or
http://www.forexfactory.com/showthre...52#post5886852
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Read Charts - Not Papers