EUR/USD's long shadows on Friday and Wednesday candles = upside rejection

14-day momentum turned negative on Monday, highlighting the bearish market

There is scope for a big drop to retest the 1.0972 Fibo

1.0972 Fibo is a 38.2% retrace of the 1.0602 to 1.1201 2024 (EBS) rise

Solid supply comes in circa the tenkan line currently at 1.1079

EUR/USD Trader TGM2334. Previous update nL1N3KT0B0