EUR/USD's negative alignment of the tenkan and kijun lines is bearish

However last week's drop failed to break under the 2024 1.0332 (EBS) low

2024 1.0332 low was posted back in November, bears need break below here

Near-term recovery attempts will likely be limited by the kijun line

The kijun line is the midpoint of the last 26 trading sessions

A break and close above the kijun line, currently at 1.0481, would defer