Repeated failures in the high 1.24s into a Friday shake out

Our 1.2415 long stopped at entry on-route to 1.2388 low

A long lower shadow already formed and the low point might have been seen

A May 5 1.2711-19 cloud twist now in play

Negative daily momentum and RSI flat and o/s

Weekly action remains inside its cloud, bearish

However, we still lean bullish and have a bid in place

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