Tuesday's false cloud break has allowed the bear trend to resume

Some market indecision noted Wednesday but fresh losses early today

Price now tracking below the 21-day moving average, 1.2058

Clustered support between 1.1915 and 1.1965, including 200DMA at 1.1943

Daily momentum is negative but RSI remains flat and neutral

Fading adjustments favoured, we offer by 1.2070 for mid-1.18s January lows

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