After last week's volatility price now settling into tighter ranges

The 10DMA breached but still causing problems for bulls, today at 1.2274

14-day momentum remains negative and RSI is neutral

A short-term 50% Fibo off 1.1934-1.2405 provides a bear trigger at 1.2170

On balance a bear market but risk is for range trading

We prefer to wait for stronger signals before putting on a trade

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