Tues hammer candle into a constructive Wed and our 1.2390 offer met

Failure to close below the 10DMA a concern for our trade: 1.2336 today

Daily momentum finally reflecting the recent downturn in price

We still see risk to 1.2216, 38.2% Fibo off 1.1842-1.2447

The Jan 23 1.2447 high now pivotal resistance, our stop set tight above

Weeklies holding to a bull bias but indecision noted: stalling action

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