Bearish signals at the start of the week and we take a short at market

A bearish cross over, 10DMA and 200DMA

Fourteen day momentum remains negative, adding to the downside risk

Long lower candle shadows Thurs-Frid but failure to break the 200DMA

The slow moving average is currently at 0.8740

We look for a return to levels below 0.8600 with a stop above a 50% Fibo

The Fibo at 0.8769 is taken off the 0.8875-0.8662 Apr. 25-May 11 drop

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