Bearish pointers again dominating the daily chart

Bear cross over, 10DMA below 55DMA, and a clear break below the cloud top

The Ichimoku cloud is thick and could slow progress

Long upper shadow on the weekly highlights demand fade

Initial bear target at 1.0536, a 38.2% Fibo off 0.9730-1.1034 gain

Drop to a 1.0630 low negates our consolidation phase view

We now lean bearish but will remain side lined for now

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