Daily momentum flips back to positive after brief foray below the zero line

However, early Thurs stalling at 10DMA, 1.0631, just ahead of the Wed high

Up-trend from Nov. 3 has been damaged and only resumes above 1.0715

Double day highs at 1.0715, Dec. 30 and Jan. 2

Downside and a minimum correction level at 1.0499, 23.6% 0.9730-1.0737

We lean bullish but are side lined for now

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