EURUSD

The price came to the level we expected and the short trade was closed. We may be facing a bear trap here. (4) may be completed with a flat correction. If the price moves back above the 1.10 level, we will know that a bear trap has been set. However, if the 1.10 level manages to be protected by the bears, this will cause a change of direction, in which case (4) can be interpreted as incomplete. This will be the pattern I will follow in the next week. I will go long above the 1.10 level.