Long upper candle shadow Thursday favours bears

Our 1.2690 bid filled and an early Friday low of 1.2667

We target 1.2880, just shy of a key 50% Fibo off 1.3144-1.2620

Need another run to the 1.2820 38.2% Fibo of the Jul-Aug move

High risk long given 10DMA also crossing below the 50DMA

Daily cloud top initial support, cloud is thin but rising sharply

Fourteen day negative momentum is fading and RSI beginning to rise

Mixed signals a concern for our trade

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