Offered market early Monday having put in a 1.2296 recovery high

Reversal warning: Frid key day, higher high, lower low, cls abv prev. cls

However, failure to gain confirmation today keeps bears in control

14-day negative momentum has faded but RSI rejected at 30 line from above

There is still scope for an adjustment and we have a bid near 1.2083 Fibo

If filled would loo for minimum correction off 1.3290-1.2156 at 1.2424

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