Our short stop at risk following Friday's small hammer candle (bullish)

Trailing stop to 1.2255 locks in profit

Daily cloud providing resistance at 1.2248

Cloud is beginning to move out sideways

Converging 10-50DMAs are at 1.2248-60: 10DMA set to cross above the 50DMA

Fourteen day momentum flips to positive, reversing Frid's drop below zero

Daily RSI remains neutral and flat. Will run our short to stop

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