Early Tues failure above trend resistance bodes well for bears

The line comes in today at 0.8870, taken off the 0.8978 Feb. 3 high

Risk the market is just working off the excesses of the Monday rally

However, a close below the trend line could trigger a deeper pullback

Mar. 6 0.8825 low initial support then the cloud top at 0.8798

We lean bearish and will consider a short on a weak close

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