A lower significant high Feb. 17, 0.8891, and sharp Tues losses to 0.8790

Resumption of the Feb. 3-14 bear run the prize for bears

A new pullback low of 0.8786 before a modest bounce so far today

Fibo retrace level at 0.8783 (0.8723-0.8978) and daily cloud top at 0.8776

A risk the cross now pans out sideways with the daily cloud

Daily momentum increasingly negative but RSI now lifting from neutral

We offer by 0.8870 but will revise this strategy on a sub-0.8800 Wed close

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