So far only a mild adjustment after the Tuesday slide

More of a squeeze could bring daily trend resistance back into play

Fading the line, currently 1.1993, a strategy with a tight stop

The line is drawn off the 1.2400 Feb. 2 high

200DMA initial resistance at 1.1903: increasing downside risk while below

Initial support 1.1836, session low, then Wed's 1.1805 low

Daily momentum readings remain negative and RSI flat lining at 38

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