Set to test a minimum correction level at 1.0499, 23.6% of 0.9730-1.0737

A bearish 10DMA-21DMA cross also on the cards as the EUR loses traction

Weeklies just a pip away from a bearish engulfing candle

Double top at 1.0715 with Dec. 15 high at 1.0737 behind

Daily momentum readings have flipped to negative and RSI confirming drop

Close below the weekly cloud base, 1.0547, to add to bearish risk

Bears can target the 10-day moving average at 1.0454

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