Significant Wed fall allows us to drop our short stop into the money

We still target 0.8455, ahead of the 200 day moving average, 0.8446

Stop is now placed tight above an 0.8515 pivot point

No major trend to reverse but Wed's bearish engulfing still significant

Mild corrective gains early Thursday but EUR remains vulnerable

Failure to hold a weekly cloud breach adds further to bearish scenario

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