EUR/USD last week faltered ahead of the major 1.1151 Fibo

1.1151 Fibo is a 50% retrace of the 1.1495 to 1.0806 2022 (EBS) drop

Friday saw a daily close under 1.1059 Fibo, weakening the market structure

1.1059 Fibo is a 23.6% retrace of the 1.0806 to 1.1137 March recovery

Scope is for further losses to the 1.0972 Fibo, 50% of the same gain

14-day momentum is negative, reinforcing the overall bearish bias

Stand aside for now. EUR/USD Trader TGM2334 Previous update nL2N2VL0JI