Bear run extended to 1.0832 Monday and closed below the 10DMA

The five session low now provides initial support

The 10DMA, 1.0893, just stalling early Tues gains

A 38.2% Fibo off 1.0517-1.0973 Mar. 15-Apr. 4 climb is at 1.0799

Daily momentum poised to flip negative as the underlying bull trend weakens

Weekly chart points higher but also showing signs of stalling

We hold a neutral view but will set a s/t bear strategy on a sub-1.0832 cls

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