EUR/USD's tenkan-kijun lines negatively aligned, reinforcing bearish market

14-day momentum negative since the end of July, adding to the downside bias

Scope for an eventual slump under 1.0402 Fibo

1.0402 is a 50% retrace of the 0.9528-1.1276 (2022-2023) EBS rise

A break and daily close above 1.0643 Fibo will defer

The 23.6% retrace of the 1.1276-1.0448 (Jul-Oct) drop is at 1.0402

Initial resistance at 1.0546, the 10-day moving average line

Early Monday and mild corrective action following Thurs-Frid drop

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