Monday bear close just keeping our 1.2390 short in the game

First close below the 10-day moving average since Jan. 5

Ranges remain tight and direction clouded: 1.2270 target-1.2435 stop

Can just about make out a rounding top on dailies

Jan. 24 1.2264 low seen pivotal support

Daily momentum readings are falling but RSI yet to confirm price drop

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