EUR/USD's recent rise has been repelled by the thick daily cloud

The daily Ichimoku cloud currently spans the 1.0662-1.0805 region

Spot took a turn for the worse on Wednesday nL1N35N0ZL

Wednesday's big drop, close under the cloud base, are bearish signs

There is scope for further losses to the 1.0459 Fibo

1.0459 Fibo: 38.2% of the 0.9528 to 1.1034 (October to February) EBS rise

EUR/USD Trader TGM2334. Previous update nL1N35N0VL