Sharp five-day slide to 1.1934 and early Wed 1.2040 rebound

Underlying bear trend has quashed bottom pickers and the risk remains high

However, daily momentum has faded slightly and RSI lifts from 30.00

A minimum correction level is at 1.2107, this may prove a pullback too far

The 30DMA lower Bolli is close by at 1.2089

Rebound risk is high but trend intact and in-play

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