EUR/USD recently failed under 1.0611 Fibo, ahead of the subsequent recovery

1.0611 Fibo is a 76.4% retrace of the 1.0448-1.1139 (Oct-Dec) EBS rise

Despite that failure, negative 14-day momentum shows the mkt remains bearish

The negative alignment of the tenkan and kijun lines also points to a drop

We are short at 1.0725 for a slump, our stop is above kijun line at 1.0772

EUR/USD Trader TGM2334. Previous update nL2N3GX0LY